Re:The day I canceled my Spotify subscription
by maximus-decimus on Monday February 19, 2024 @08:49AM
(#39429684)
Doesn't Spotify share half its profits too? From my understanding it's still the music labels that are not giving the artists their share.
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Re:The day I canceled my Spotify subscription
by jimmydddd on Monday February 19, 2024 @10:33AM
(#39430864)
Yes, the music labels have a conflict of interest because they took financial positions (equity) in the streaming services in exchange for giving artists lower rates. So they don't really represent the artists. They instead joined up with the streamers to screw over the artists.
Re:The day I canceled my Spotify subscription
by whyoh on Monday February 19, 2024 @10:22AM
(#39430724)
>From my understanding it's still the music labels that are not giving the artists their share.
If that is the case, the artists can easily sue the labels for violating the terms of the contract. But the fair share is just what the two signing parties agreed to.
Re:The day I canceled my Spotify subscription
by paledot on Monday February 19, 2024 @02:50PM
(#39433910)
Which is definitely a fair deal signed between equals, right?
Re:The day I canceled my Spotify subscription
by rchaud on Monday February 19, 2024 @09:43AM
(#39430239)
What profits?
Re:The day I canceled my Spotify subscription
by maximus-decimus on Monday February 19, 2024 @11:42AM
(#39431795)
It's actually 70% of REVENUE according to this: https://dittomusic.com/en/blog/how-much-does-spotify-pay-per....
Re:The day I canceled my Spotify subscription
by bratwurst3000 on Tuesday February 20, 2024 @07:58AM
(#39440667)
Most hits today are produced by Spotify. Actually they are record company. And they also have a really shitty contract. That at the end the revenue stream, for the artist is coming back to Spotify anyway.
It’s easy. 1. Search talent on TikTok. 2. Let them sign shitty contract. 3. Produce them. 4. Market them on Spotify.
5 . Win win. Win win for Spotify not the artist.