4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 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-square52fedilinkarrow-up1126arrow-down111cross-posted to: business@lemmy.world
arrow-up1115arrow-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 · 11 months agomessage-square52fedilinkcross-posted to: business@lemmy.world
minus-squareTheMurphy@lemmy.worldlinkfedilinkEnglisharrow-up0·11 months 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-up0·11 months agoBut…but…muh “discovery”
minus-squareJosh@sh.itjust.workslinkfedilinkEnglisharrow-up0·11 months agoI’ll die on that hill. 90% of the artists I listen to, I found through spotify’s algorithms.
minus-squaredumpsterlid@lemmy.worldlinkfedilinkEnglisharrow-up0·edit-211 months agoOk, but why not find a human that curates the kind of music you like? They are called DJs. I don’t understand why we need to get rid of human DJs that seems like the last job we need to replace. edit why do y’all think I am talking about radio DJs? You…. know there are wayyyyyyy more DJs out there than just radio DJs right?..…right? ….like y’all know mixes exist right? Like mixcloud or whatever?
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up0·11 months agoWhat does a record company even do? Why do they have rights?
minus-squarerigatti@lemmy.worldlinkfedilinkEnglisharrow-up0·11 months agoBasically they fund artists to record and then handle things like promotion.
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up0·11 months 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-up0arrow-down2·11 months ago Actually it sounds like just being rewarded for having money to begin with. That’s most of the economy.
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”
I’ll die on that hill. 90% of the artists I listen to, I found through spotify’s algorithms.
Ok, but why not find a human that curates the kind of music you like? They are called DJs.
I don’t understand why we need to get rid of human DJs that seems like the last job we need to replace.
edit why do y’all think I am talking about radio DJs? You…. know there are wayyyyyyy more DJs out there than just radio DJs right?..…right?
….like y’all know mixes exist right? Like mixcloud or whatever?
deleted by creator
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.