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@4realz@lemmy.world to Technology@lemmy.worldEnglish • 1 year ago

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.

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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.

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@4realz@lemmy.world to Technology@lemmy.worldEnglish • 1 year ago
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Why Spotify Struggles to Make Money from Music Streaming
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Despite being the king of music streaming, Spotify is struggling financially, but why?
  • @roofuskit@lemmy.world
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    22•1 year ago

    If you want to support an artist pirate their music and see them in concert.

    • @echo64@lemmy.world
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      54•1 year ago

      This is outdated and bad information. Most small artists lose money touring. Bigger artists might break even.

      If you can buy merch, do that, if you can buy physically do that. Spotify is gonna pay pennies for thousands of streams, so nothing you do on spotify is going to benefit an artist. But “pirate and see live” is probably gonna result in a negative bank balance for artists.

      • @Sharkwellington@lemmy.one
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        19•1 year ago

        Nothing short of handing them cash in person is truly a guarantee. Really depressing how it’s turned out.

        • @deranger@lemmy.world
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          8•1 year ago

          Bandcamp is a decent platform… for now

          • @thisisawayoflife@lemmy.world
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            2•1 year ago

            Faircamp might be a good avenue in the future.

          • @SatyrSack@lemmy.one
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            2•1 year ago

            Has anything really happened since they were acquired by Epic last year?

            • alt_xa_23
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              8•1 year ago

              Epic sold it to a company called Songtradr, who shortly laid off a good chunk of the staff. They haven’t done too much so far, but it could easily go south from here.

        • @lolcatnip@reddthat.com
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          1•1 year ago

          That’s not a guarantee either unless you know how much they spent getting in a position for you to hand them cash.

      • @essteeyou@lemmy.world
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        17•1 year ago

        I think Taylor Swift just about broke even, mostly thanks to my wife and her friends.

    • @Kecessa@sh.itjust.works
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      39•1 year ago

      Nice try ticket Master!

    • @small44@lemmy.world
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      18•1 year ago

      Some artists that people like may never come to their city

      • @Kecessa@sh.itjust.works
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        9•
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        1 year ago

        Buy merch

        • @small44@lemmy.world
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          2•1 year ago

          It’s rare for me to find merch worth buying, I prefer buying the music.

          • @Kecessa@sh.itjust.works
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            3•1 year ago

            Maybe buying it directly from their website might be the better option in this case? 🤔

            • @small44@lemmy.world
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              2•1 year ago

              It’s about the effort artists make for merch, I don’t want to buy a t-shirt with a simplistic design or just a sentence on it

              • @Kecessa@sh.itjust.works
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                2•1 year ago

                I meant buying the CD/music on their website

    • @glitch1985@lemmy.world
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      13•1 year ago

      Unless it’s a ticketmaster concert because fuck them.

    • @Copernican@lemmy.world
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      7•
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      1 year ago

      Lol. Yes, ticket service fees, venue fees, and reseller makerts is totally the best way to support an artist, especially if you live no where near a tour location.

    • Sume
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      1•1 year ago

      “Support”

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