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. - eviltoast
  • abhibeckert@lemmy.world
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    1 year ago

    Artists aren’t forced to sign a contract with a label. They do it because they want to.

    They do it because the label will often invest a million dollars in the artist upfront before the songs are even available for the public to stream.

    Good recording studios are expensive to hire. And if you want a video track to go with it… those are even worse.

    • QueriesQueried@sh.itjust.works
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      1 year ago

      Uhhhh, dunno about that one. Pretty sure it’s public knowledge labels will go to almost any lengths to ensure artists cannot be independent, especially when they’re small. Good recording quality is quite readily available in many large cities, either as a paid service (which sometimes is still outbid by labels), or through a public library. Many of the issues of “labels investing in artists” loop back around to “labels have made it physically impractical or impossible for the artist to invest in themselves”.