this post was submitted on 17 Dec 2023
556 points (90.1% liked)

Technology

60070 readers
3660 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
556
Spotify 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.com)
submitted 1 year ago by 4realz to c/technology
232 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 1 year ago (1 children)

You do know even without Spotify artists would be getting paid the same amount by their label?

Spotify splits 70/30, that 70% goes to the rights holder. So why aren’t the artists seeing it?

It used to be artists didn’t make money on albums annd only from merch at tours, nothing has really changed in the music industry.

[–] echo64 2 points 1 year ago

Indies are on spotify, and spotify pays them badly, too.