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Music tech companies do very well, but they fail at compensating creators fairly. Spotify's valuation at IPO will be about $20bn, but they completely fail at pa
by skyhitz 9y ago
Music tech companies do very well, but they fail at compensating creators fairly. Spotify's valuation at IPO will be about $20bn, but they completely fail at paying back music creators. They take more than what they give. https://www.theverge.com/2015/12/7/9861372/spotify-year-in-review-artist-payment-royalties https://www.theverge.com/2015/12/7/9861372/spotify-year-in-r...
- zerr 9y agoI see. What about don't being greedy, taking less profit and paying more to creators? Won't it be a sustainable business?
- skyhitz 9y agoThat would be ideal, and it can be turned into a sustainable business. This won't happen at big companies though, it would have to emerge from new startups.