4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year 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-square232fedilinkarrow-up1618arrow-down169
arrow-up1549arrow-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 · 1 year agomessage-square232fedilink
minus-squarerigatti@lemmy.worldlinkfedilinkEnglisharrow-up3·1 year agoBasically they fund artists to record and then handle things like promotion.
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year 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-up3·1 year agoYes, promoting a subreddit and promoting yourself as an artist are the same thing.
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year 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-squareclgoh@lemmy.calinkfedilinkEnglisharrow-up4arrow-down2·1 year ago Actually it sounds like just being rewarded for having money to begin with. That’s most of the economy.
Basically they fund artists to record and then handle things like promotion.
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.
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.
That’s most of the economy.