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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.

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Alexstarfire@lemmy.world ⁨9⁩ ⁨months⁩ ago

Ehh, you’ve got a different but similar problem these days. Before, it was hard to get the word out so even finding new bands was difficult. Now, there are so many artists that you’ve got to find a way to stand out. Still need marketing. That’s what labels provide.

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Plopp@lemmy.world ⁨9⁩ ⁨months⁩ ago
You don’t need to give up the rights to your music to a third party for them to do marketing or handling legal matters for you. You just need to pay them for their services. And you should be able to choose from several competitors in the market, based on what they offer and what you want/need/can afford. So yeah, record labels shouldn’t exist anymore.

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- nihth@programming.dev ⁨9⁩ ⁨months⁩ ago
  It’s not needed, but for some reason artists keep signing, so there is probably something they provide that makes it worth it
  
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  - Plopp@lemmy.world ⁨9⁩ ⁨months⁩ ago
    It’s because it’s the only game in town.
    
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