4realz@lemmy.world to Technology@lemmy.worldEnglish · 2 years 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-square86linkfedilinkarrow-up1377arrow-down142
arrow-up1335arrow-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 · 2 years agomessage-square86linkfedilink
minus-squareTheMurphy@lemmy.worldlinkfedilinkEnglisharrow-up188arrow-down3·2 years agoHonestly, Spotify is only half bad compared to the real scumbags of this industry, and that’s the “rights holders”. It’s not the artists who created the music I’m talking about. It’s the record companies taking the largest piece for themselves. They are the ones earning on other people’s talent and success.
minus-squareresidentmarchant@lemmy.worldlinkfedilinkEnglisharrow-up29arrow-down6·2 years agoBut…but…muh “discovery”
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down1·2 years agoWhat does a record company even do? Why do they have rights?
minus-squarerigatti@lemmy.worldlinkfedilinkEnglisharrow-up2·2 years agoBasically they fund artists to record and then handle things like promotion.
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up1·2 years agoYo. 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.
minus-squareclgoh@lemmy.calinkfedilinkEnglisharrow-up3arrow-down1·2 years ago Actually it sounds like just being rewarded for having money to begin with. That’s most of the economy.
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up1·2 years agoIf 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.
minus-squarerigatti@lemmy.worldlinkfedilinkEnglisharrow-up2·2 years agoYes, promoting a subreddit and promoting yourself as an artist are the same thing.
Honestly, Spotify is only half bad compared to the real scumbags of this industry, and that’s the “rights holders”.
It’s not the artists who created the music I’m talking about. It’s the record companies taking the largest piece for themselves.
They are the ones earning on other people’s talent and success.
But…but…muh “discovery”
What does a record company even do? Why do they have rights?
Basically they fund artists to record and then handle things like promotion.
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.
That’s most of the economy.
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.
Yes, promoting a subreddit and promoting yourself as an artist are the same thing.
I didn’t even have to sing.