4realz@lemmy.world to Technology@lemmy.worldEnglish · 10 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-square9fedilinkarrow-up10arrow-down10
arrow-up10arrow-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 · 10 months agomessage-square9fedilink
minus-squareTheMurphy@lemmy.worldcakelinkfedilinkEnglisharrow-up0·10 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-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up0·10 months agoWhat does a record company even do? Why do they have rights?
minus-squarerigatti@lemmy.worldlinkfedilinkEnglisharrow-up0·10 months agoBasically they fund artists to record and then handle things like promotion.
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up0·10 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-down2·10 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.
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.