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Company valued at $30 billion. Artists continue to receive almost nothing for their music being played. Something doesn't add up here.
by ebbv 9y ago
Company valued at $30 billion. Artists continue to receive almost nothing for their music being played.
Something doesn't add up here.
- seabrookmx 9y ago> Artists continue to receive almost nothing for their music being played This is kind of FUD. There's a lot of royalties flowing out of Spotify. While it's true the payouts for many artists are smaller than they should be, 90+% of artists simply get very few plays on Streaming services and thus make no money. And Spotify isn't the only one to blame here. Most music goes through a process like this: Artist -> Label -> Distributor -> Storefront Spotify is only the storefront.. but both the Distributor (the "big three" labels UMG, Sony, and Warner do their own distribution) and the record label take a cut. There's also additional overhead for the artist, such as paying out to producers, writers (if they don't write themselves) etc.
- KozmoNau7 9y agoThe labels are receiving huge payouts, their profits are on an upward curve now, thanks to streaming. But as always, they exploit their artists and pay them a pittance. Blame the labels.