4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 months 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-square225fedilinkarrow-up1626arrow-down167cross-posted to: business@lemmy.world
arrow-up1559arrow-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 · 11 months agomessage-square225fedilinkcross-posted to: business@lemmy.world
minus-squareGenEcon@lemm.eelinkfedilinkEnglisharrow-up2arrow-down2·11 months agoEven the smallest artists are making more than 1000 streams yearly. The only ones they are hurting are AI generated songs.
minus-squareNighed@sffa.communitylinkfedilinkEnglisharrow-up1·edit-211 months agoFYI 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…
Even the smallest artists are making more than 1000 streams yearly. The only ones they are hurting are AI generated songs.
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…