Comment on After announcing increased prices, Spotify to Pay Songwriters About $150 Million Less Next Year
Breve@pawb.social 6 months agoThe big record labels are shareholders in Spotify so they’re happy to get less money in streaming royalties because that’s the part they have to share with artists, but the value of their shares they get to keep all for themselves.
KillingTimeItself@lemmy.dbzer0.com 6 months ago
ah of course, schizo economics, how could i forget. “trust me, i will hold shares for you, i promise” Though this still isn’t a good position to be in, because now the publishing companies essentially run spotify, so spotify fucked themselves even more lol.