Why Spotify Struggles to Make Money from Music Streaming
open.substack.com
Despite being the king of music streaming, Spotify is struggling financially, but why?
  • donuts@kbin.social
    187·
    10 个月前

    I call bullshit. Yeah I’m sure they spend 2/3 of their income on rights holders, mainly Joe Rogan, Ed Sheeran and Taylor Swift.

    The average musician isn’t making shit, and yet the spotify execs are sipping champagne.

    • Darkhoof@lemmy.worldEnglish
      108·
      10 个月前

      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.

      • Corgana@startrek.websiteEnglish
        27·
        10 个月前

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

        • ky56@aussie.zoneEnglish
          44·
          10 个月前

          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.

          • restingboredface@sh.itjust.worksEnglish
            9·
            10 个月前

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

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

          • echoplex21@lemmy.worldEnglish
            4·
            10 个月前

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

            • chitak166@lemmy.worldEnglish
              2·
              10 个月前

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

          • jonne@infosec.pubEnglish
            4·
            10 个月前

            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.

        • Blackmist@feddit.ukEnglish
          6·
          10 个月前

          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.

    • StinkyRedMan@lemmy.worldEnglish
      38·
      10 个月前

      You know they don’t pay the artist directly? Like with physical the ones taking the biggest share are the labels… Also the average musician isn’t making shit cause compared to a very few bigger artists they represent an extremely low percentage of the overall streams on the platform.

    • ???@lemmy.worldEnglish
      12·
      10 个月前

      Taylor Swift somehow being a hallmark of the times makes me wish the whole world would end in a giant ball of fire.

      • ___@lemm.eeEnglish
        11·
        10 个月前

        She’s not the worst role model we’ve ever seen, so at least the world isn’t completely mad. I think her music is mediocre, and don’t understand the fanfare, but to each their own.

        • ???@lemmy.worldEnglish
          3·
          10 个月前

          I think as a person she’s fine. But as a branding machine… meh.

      • rab@lemmy.caEnglish
        5·
        10 个月前

        I’m glad bands I like aren’t big so I can afford to go to their shows :)

        • ???@lemmy.worldEnglish
          3·
          10 个月前

          I’m 30…and you? (kinda afraid to ask at this point lol)