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Actually it the labels who are taking advantages of the streaming services without mentioning profiting from artists they manage. When negotiating deals with streaming services like Spotify or Apple Music, labels often demand large advances. These funds are typically non-recoupable, labels keep this money regardless of how well the music performs on the platform.
All major labels performed very well this year financially. It is really artists themselves who suffers
Ohhh. You know, that makes sense. It felt like a stupid question asking how LABELS would allow themselves to screwed over, but once again, they aren’t the ones getting screwed over.
Fun fact: if you're an artist on Spotify receiving less than 1000 streams in a year, they won't even bother paying you. You also need a minimum number of unique listeners. That number is secret.
Spotify is good for those already rich, and bad for those who isn't.
They also have Joe Rogan and Gwyneth Paltrow on their payroll, and they actively lobby for more relaxed AI legislatiolegislation in the EU.
If you have a subscription, the best thing you van do is to cancel it, get your music from the high seas, and instead donate $12 per month or however much it costs directly to artists you enjoy by buying their music or merch online.
AntennaPod is good for podcasts.
Bandcamp is a good option for directly supporting artists for the time being, especially if you queue up all your purchases for a Bandcamp Friday, where artists/labels receive all the money rather than BC taking their 20% cut.
Not just a good option, but the best option I know of. If you buy an album for $5, that's equivalent to the earnings for thousands of plays on Spotify. And that would be assuming the artist even gets enough total Spotify plays to qualify for their payout under the new rules.
They are stealing from artists who bring business to the platform, and using the guise of protecting themselves from bot streamers. Oh, and they recently raised the subscription price by 25% in my country. Spotify was the most satisfying subscription to cancel that I have ever cancelled.
They're also being accused of pushing their own AI-generated slop music so that they have to pay out even less to real artists. Fuck Spotify.
For anyone reading this who's put off by the prices, I ditched Spotify and started exclusively buying music on Bandcamp. Apart from an initial splurge, I've ended up paying less for music each month. And I own that music permanently. And they got paid more. YMMV of course especially if you're somebody who doesn't relisten much, but seeing an album on Bandcamp that costs as much as a month's Spotify subscription shouldn't put you off.
Spotify is pushing AI generated music now!? Do they have no damn shame? These platforms and labels are NOTHING without the artist.
While that is true, even independent artists who don't have a label grabbing all the profits still get shafted, earning next to nothing with streams.
You are right