this post was submitted on 17 Dec 2023
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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
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[โ€“] GenEcon@lemm.ee 1 points 11 months ago

Even if you are starting out thousands streams is nothing. I have a few friends who have a band. Its really small, basically everyone who listens to them knows them personally. They have 20 monthly listeners, but almost all of their songs on their own have 1.000 yearly streams โ€“ because Spotify puts them randomly into their automatically generated playlists.

Meanwhile kicking all the 'bands' out with less than 1000 streams allows them to pay the rest more.