Technology

59207 readers

3474 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

554

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 10 months ago by [email protected] to c/[email protected]

233 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 16 points 10 months ago* (last edited 10 months ago) (2 children)

This is why I thought some of their recent actions that hurt the lowest played artists was strange, you want to encourage artists to NOT use the big publishers to help break their triopoly.

I think the most recent changes are fine in practice, but the optics are not great which probably matters a lot.

[–] [email protected] 5 points 10 months ago

Exactly, Spotify is stuck between pleasing artists and the big publishers.

[–] [email protected] 0 points 10 months ago (1 children)

Even the smallest artists are making more than 1000 streams yearly. The only ones they are hurting are AI generated songs.

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

FYI it's 1000 per track per year, not per artist.

I agree though, I went through my instrumental playlist which has loads of indi stuff and the smallest I found had 10,000 plays

Edit - looks like I got a notification for this 4 days late....