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.

• lemann@lemmy.one ⁨1⁩ ⁨year⁩ ago

  In the day and age of streaming sercices like Spotify, they should not exist IMO.

  Back when people purchased their music from brick and mortar stores on vinyls, cassettes, and CDs, they had a place to facilitate a relationship with distributors etc to get your music on the shelves. Nowadays, this stuff can be done digitally, independently.

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• rigatti@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Basically they fund artists to record and then handle things like promotion.

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  • Mango@lemmy.world ⁨1⁩ ⁨year⁩ ago

    If I can personally promote a subreddit to 8.5 million subscribers with no talent of my own, anyone who can make decent music can handle their own shit.

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    • rigatti@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Yes, promoting a subreddit and promoting yourself as an artist are the same thing.

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      • Mango@lemmy.world ⁨1⁩ ⁨year⁩ ago

        I didn’t even have to sing.

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  • Mango@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Yo. I can be a record label. Come hang out in my apartment while I pay the bills and BAM! I get all the royalties!

    Sounds like stealing with extra steps. Actually it sounds like just being rewarded for having money to begin with.

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    • clgoh@lemmy.ca ⁨1⁩ ⁨year⁩ ago

      Actually it sounds like just being rewarded for having money to begin with.

      That’s most of the economy.

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