4realz@lemmy.world to Technology@lemmy.worldEnglish · 9 months agoSpotify 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.open.substack.comexternal-linkmessage-square100fedilinkarrow-up1217arrow-down130
arrow-up1187arrow-down1external-linkSpotify 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.open.substack.com4realz@lemmy.world to Technology@lemmy.worldEnglish · 9 months agomessage-square100fedilink
minus-squareecho64@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·9 months agoIndies are on sporify too. Spotify pays them shit too. Label or not.
minus-squarewolfshadowheart@slrpnk.netlinkfedilinkEnglisharrow-up5·9 months agoThey just changed the rules so that if smaller artists don’t get a certain number of plays they don’t even get a payout.
minus-squareGenEcon@lemm.eelinkfedilinkEnglisharrow-up1·9 months agoWith less than 1000 streams per year. This is solely to kick out the AI generated music, which is already taking a significant share of the payout from the musicians. This change is not against smaller artists, but for them.
Indies are on sporify too. Spotify pays them shit too. Label or not.
They just changed the rules so that if smaller artists don’t get a certain number of plays they don’t even get a payout.
With less than 1000 streams per year.
This is solely to kick out the AI generated music, which is already taking a significant share of the payout from the musicians.
This change is not against smaller artists, but for them.