Comment on Spotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.

donuts@kbin.social ⁨9⁩ ⁨months⁩ ago

• Darkhoof@lemmy.world ⁨9⁩ ⁨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.

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  • Corgana@startrek.website ⁨9⁩ ⁨months⁩ ago

    Spotify is far from powerless in this arrangement too.

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    • ky56@aussie.zone ⁨9⁩ ⁨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.

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      • restingboredface@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

        it’s going really bad. Especially for Disney, who deserve everything coming to them. <

        I can’t like a statement hard enough. Amen.

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      • jonne@infosec.pub ⁨9⁩ ⁨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.

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      • echoplex21@lemmy.world ⁨9⁩ ⁨months⁩ ago

        Basically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.

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  • small44@lemmy.world ⁨9⁩ ⁨months⁩ ago

    What about independent artists?

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    • Blackmist@feddit.uk ⁨9⁩ ⁨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.

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• giggling_engine@lemmy.world ⁨9⁩ ⁨months⁩ ago

  “not making profits”

  Just massive salaries and equity

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• StinkyRedMan@lemmy.world ⁨9⁩ ⁨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.

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• snek@lemmy.world ⁨9⁩ ⁨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.

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  • ___@lemm.ee ⁨9⁩ ⁨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.

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    • snek@lemmy.world ⁨9⁩ ⁨months⁩ ago

      I think as a person she’s fine. But as a branding machine… meh.

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  • Candybar121@lemmy.world ⁨9⁩ ⁨months⁩ ago

    [deleted]

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    • snek@lemmy.world ⁨9⁩ ⁨months⁩ ago

      I’m 30…

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