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Re:The day I canceled my Spotify subscription by threeseed on Monday February 19, 2024 @05:37AM (#39428152)
It isn't just the big labels. Apple Music has a list of distributors they work with:

https://artists.apple.com/partners

CDBaby is popular where 91% of revenue from Apple, Spotify etc goes to the artist.

So then it seems that the price per stream does make a difference.

Re:The day I canceled my Spotify subscription by troupo on Monday February 19, 2024 @06:09AM (#39428450)
Spotify has the same distributors. But the absolute vast majority of money goes to the big labels.