4realz@lemmy.world to Technology@lemmy.worldEnglish · 2 years 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-square92fedilinkarrow-up1464arrow-down157
arrow-up1407arrow-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 · 2 years agomessage-square92fedilink
minus-squarerigatti@lemmy.worldlinkfedilinkEnglisharrow-up2·2 years agoBasically they fund artists to record and then handle things like promotion.
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up1·2 years 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-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up1·2 years agoIf I can personally promote a subreddit to 8.5 million subscribers with no talent of my own, anyone who can make decent music can handle their own shit.
minus-squarerigatti@lemmy.worldlinkfedilinkEnglisharrow-up2·2 years agoYes, promoting a subreddit and promoting yourself as an artist are the same thing.
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.
If I can personally promote a subreddit to 8.5 million subscribers with no talent of my own, anyone who can make decent music can handle their own shit.
Yes, promoting a subreddit and promoting yourself as an artist are the same thing.
I didn’t even have to sing.