this post was submitted on 17 Dec 2023
554 points (90.1% liked)
Technology
59421 readers
2852 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
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How much money would they want to skim to distribute the music? 33-66 split doesn’t sound so bad considered that they don’t produce the music, sign artist, promote them, etc
They can always start their own label if they believe that vertical integration will be more profitable for them.
They tried that with podcasts and it didn’t go as planned
33% is a massive amount for effectively just being a download service. massive
For reference, the Steam store of the gaming distributor Valve charges 30% of each sale, however the Steam service provides quite a bit of incentive. Having community and discussions easily accessible, cloud storage that links to screenshots and saves, branches, I'm sure there's more.
Meanwhile Spotify gives you, what, playlist creations?
Spotify takes 30 %, too. The 'one third' in the headline is just rounding.
And the question should be if digital markets and platforms should take 30 % or not. Because every platform does so from Steam to Apple App Store to Spotify.
Besides that Spotify offers more than Steam imho. Playlist creation, discovery algorithms, individualized playlist generation, AI DJs and if you consider Steam to also be a social platform, Spotify is too.
the actual article we are commenting under thinks its outrageous that Spotify only gets 30% and things artists should get less. so it's not "should they take 30% or not", the question posed is "why are the greedy labels not letting spotify take even more" for some reason, madness