this post was submitted on 17 Dec 2023
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556
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 [email protected] to c/[email protected]
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[–] [email protected] 104 points 11 months ago (2 children)

The rights holders are the record labels. As much as artists want to complain about Spotify they should direct their criticism to their record labels.

[–] [email protected] 21 points 11 months ago* (last edited 11 months ago) (1 children)

Spotify is far from powerless in this arrangement too. Nobody is forcing them to be in this business.

[–] [email protected] 42 points 11 months ago (3 children)

Pretty sure Spotify is more powerless than you think. The record labels nearly burned their industry to the ground in the 2000s over digital piracy.

Netflix wouldn't be around today if it wasn't for their move into becoming their own movie studio thanks to just about every big Hollywood studio pulling out, arrogantly thinking that they can each run their own service for a bigger slice of the pie. Newsflash, it's going really bad. Especially for Disney, who deserve everything coming to them.

I reckon if Spotify makes even a small move to undermine the big record labels, they would yank all the popular music. Spotify either wouldn't last long or best case they down size into a niche music platform.

[–] [email protected] 9 points 11 months ago

it's going really bad. Especially for Disney, who deserve everything coming to them. <

I can't like a statement hard enough. Amen.

[–] [email protected] 4 points 11 months ago (1 children)

Basically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.

[–] [email protected] 1 points 11 months ago

Moral of the story is people should stop lowering their standards so those richer than them can be even richer.

[–] [email protected] 4 points 11 months ago

Hold on, what's going to happen to Disney? I got the impression they're really eating into Netflix' market share. They basically own a huge chunk of the content most people care about.

[–] [email protected] 12 points 11 months ago (1 children)

What about independent artists?

[–] [email protected] 4 points 11 months ago

If they were getting as many listens as Taylor Swift, I'm sure they'd be making bank. But they're not. A listen ain't worth a lot and never has been.