@4realz@lemmy.world to Technology@lemmy.worldEnglish • 7 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-square230fedilinkarrow-up1596arrow-down165cross-posted to: business@lemmy.world
arrow-up1531arrow-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.com@4realz@lemmy.world to Technology@lemmy.worldEnglish • 7 months agomessage-square230fedilinkcross-posted to: business@lemmy.world
minus-squarerigattilinkfedilinkEnglish3•7 months agoBasically they fund artists to record and then handle things like promotion.
minus-square@Mango@lemmy.worldlinkfedilinkEnglish1•7 months 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-square@clgoh@lemmy.calinkfedilinkEnglish2•7 months ago Actually it sounds like just being rewarded for having money to begin with. That’s most of the economy.
minus-square@Mango@lemmy.worldlinkfedilinkEnglish1•7 months 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-squarerigattilinkfedilinkEnglish3•7 months 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.
That’s most of the economy.
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.