“not making profits”
Just massive salaries and equity
donuts@kbin.social 10 months ago
I call bullshit. Yeah I'm sure they spend 2/3 of their income on rights holders, mainly Joe Rogan, Ed Sheeran and Taylor Swift.
The average musician isn't making shit, and yet the spotify execs are sipping champagne.
giggling_engine@lemmy.world 10 months ago
StinkyRedMan@lemmy.world 10 months ago
You know they don’t pay the artist directly? Like with physical the ones taking the biggest share are the labels… Also the average musician isn’t making shit cause compared to a very few bigger artists they represent an extremely low percentage of the overall streams on the platform.
snek@lemmy.world 10 months ago
Taylor Swift somehow being a hallmark of the times makes me wish the whole world would end in a giant ball of fire.
___@lemm.ee 10 months ago
She’s not the worst role model we’ve ever seen, so at least the world isn’t completely mad. I think her music is mediocre, and don’t understand the fanfare, but to each their own.
snek@lemmy.world 10 months ago
I think as a person she’s fine. But as a branding machine… meh.
Darkhoof@lemmy.world 10 months ago
The rights holders are the record labels. As much as artists want to complain about Spotify they should direct their criticism to their record labels.
Corgana@startrek.website 10 months ago
Spotify is far from powerless in this arrangement too.
ky56@aussie.zone 10 months ago
Pretty sure Spotify is more powerless than you think. The record labels nearly burned their industry to the ground in the 2000s over digital piracy.
Netflix wouldn’t be around today if it wasn’t for their move into becoming their own movie studio thanks to just about every big Hollywood studio pulling out, arrogantly thinking that they can each run their own service for a bigger slice of the pie. Newsflash, it’s going really bad. Especially for Disney, who deserve everything coming to them.
I reckon if Spotify makes even a small move to undermine the big record labels, they would yank all the popular music. Spotify either wouldn’t last long or best case they down size into a niche music platform.
restingboredface@sh.itjust.works 10 months ago
I can’t like a statement hard enough. Amen.
jonne@infosec.pub 10 months ago
Hold on, what’s going to happen to Disney? I got the impression they’re really eating into Netflix’ market share. They basically own a huge chunk of the content most people care about.
echoplex21@lemmy.world 10 months ago
Basically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.
small44@lemmy.world 10 months ago
What about independent artists?
Blackmist@feddit.uk 10 months ago
If they were getting as many listens as Taylor Swift, I’m sure they’d be making bank. But they’re not. A listen ain’t worth a lot and never has been.