whatever will the millionaires do????
this post was submitted on 18 Oct 2023
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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I'm sure Spotify is paying the artists very fairly and totally not robbing them of their labour.
It's actually the lables that are ripping off the artists.
Spotify isn't profitable. They're constantly losing money
As is tradition.
The core service which is music streaming will never be able to make spotify profitable. The problem which podcast is that they are badly integrated in spotify, it should be a seperate app instead
Not all artists have labels, there are a lot of independents and getting 0.001 cents per play from Spotify is basically robbery compared to what sites like SoundCloud will pay per stream...
I'd like sources for these claims. What I've found online as average:
Soundcloud 0.0025 - 0.004$ per stream
Spotify 0.003 - 0.005 per stream
Streaming services will never be able to able to pay artists fairely. We should return to buying music
Largely this is probably true. One large benefit for the consumer with streaming music over buying it is actually that it is cheaper. Significantly cheaper if you listen to a bunch of different things. So if everyone has moved to a method of listening to music that costs less then there has to be less money available to artists (all else being equal).
Even if 100% of streaming services' revenue went to artists it could still be less money.
The problem isn't Spotify itself, it's the business model of streaming being way too cheap.