this post was submitted on 17 Dec 2023
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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]
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[–] [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....