Comment on Spotify now has 220 million paying subscribers

fernfrost@lemmy.world ⁨1⁩ ⁨year⁩ ago

• AccidentalLemming@lemmy.world ⁨1⁩ ⁨year⁩ ago

  [deleted]

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  • bernieecclestoned@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    the company’s expenses for research and development, marketing, and administrative costs totaled a staggering €978 million

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    • Thekingoflorda@lemmy.world ⁨1⁩ ⁨year⁩ ago

      What did they research then lol

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      • golli@lemm.ee ⁨1⁩ ⁨year⁩ ago

        It also says marketing, so who knows how much of that is actually for research and development.

        I imagine spotify could research how to make their data centers and delivery more efficient, music suggestion algorithms, or just in general how to best retain and aquire new customers.

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• FantasticFox@lemmy.world ⁨1⁩ ⁨year⁩ ago

  It’s revenue share with the record labels. If those labels don’t pay the artists well that’s a different issue.

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  • spacedancer@lemmy.world ⁨1⁩ ⁨year⁩ ago

    I release independently and I earned a whopping $43 for 50k+ streams (so far). Sure, 50k isn’t much compared to mainstream artists, but $43 isn’t much either.

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    • FantasticFox@lemmy.world ⁨1⁩ ⁨year⁩ ago

      It’s revenue share based on how many streams you get. Big record labels can probably negotiate a better share, but if you sign to one there’s no guarantee you will actually see that extra money.

      Record labels ripping off music artists was incredibly common in the time before streaming, so I imagine it still is today.

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    • Ryumast3r@lemmy.world ⁨1⁩ ⁨year⁩ ago

      That’s about what YouTube creators would get for the same amount of hits, which still doesn’t make it a lot but I think it’s an interesting comparison.

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