this post was submitted on 17 Dec 2023
549 points (90.0% liked)

Technology

59555 readers
5347 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 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
549
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 11 months ago by 4realz@lemmy.world to c/technology@lemmy.world
232 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Deceptichum@kbin.social 8 points 11 months 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@lemmy.world 2 points 11 months ago

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