9 ms·
What? How are they screwing artists? Why are you suggesting they are not legal? Music streaming helped to almost double music industry revenue. https://www.st
by Sankozi 3y ago
What? How are they screwing artists? Why are you suggesting they are not legal?
Music streaming helped to almost double music industry revenue.
https://www.statista.com/chart/4713/global-recorded-music-industry-revenues/ https://www.statista.com/chart/4713/global-recorded-music-in...
- futurecat 3y agoDoubling music industry revenue doesn’t mean doubling artists’ revenues.
- deleted 3y ago[deleted]
- ceejayoz 3y agohttps://www.latimes.com/entertainment-arts/music/story/2021-04-19/spotify-artists-royalty-rate-apple-music https://www.latimes.com/entertainment-arts/music/story/2021-... > Moreover, notes Werde, within the pie chart detailing the total revenue that Spotify generates through music streaming, “roughly 70% of it is going to rights holders,” he says. The actual recording artists? “They’re keeping anywhere between 5% and a quarter.” The impact on actual album sales likely hits hard, too; I recall an artist on NPR talking about how one CD sale nets them more into their actual pocket than a hundred thousand streams.
- aetherane 3y agoThis has always been the case for revenue from recordings.
- ceejayoz 3y agohttps://www.npr.org/2019/07/22/743775196/the-success-of-streaming-has-been-great-for-some-but-is-there-a-better-way https://www.npr.org/2019/07/22/743775196/the-success-of-stre... > So none of [the royalty system] makes sense... if a song is played on the radio, 100% of the royalties go to the songwriter. But if the same song is played on a streaming service, only about 20% of the royalties go to the songwriter. Where does that come from?"
- paxys 3y agoRadio uses public airwaves, and is largely an exception to how the music business works. Not even recording artists get revenue from radio plays, only the songwriters (aka copyright holders).
- mochomocha 3y agoAfter all this time if Spotify could have found a way to cut off the middlemen, they would have happily done it. From your own quote, you should be mad at Universal & co, not Spotify.
- ceejayoz 3y ago> From your own quote, you should be mad at Universal & co, not Spotify. The point is that "helped to almost double music industry revenue" from upthread doesn't actually help the folks I want helped; it's a misleading stat.
- rat9988 3y agoHelp them then. Spotify did no wrong and doesn't care about your selfless sentiment.
- dilippkumar 3y agoThe Taylor Swift episode on the Acquired podcast actually does a fantastic job of explaining how this works and why artists barely make money on streaming services - as opposed to radio broadcasts for example.
- nbaugh1 3y agoIndustry revenue might be up, but that absolutely does not mean that artists have seen any of it
- piva00 3y agoAnd that's an issue with the music industry being disproportionately represented by 3 major labels wielding most of the power against the artists, not on distributors.
- xwowsersx 3y agoI'm not arguing that Spotify is screwing artists. I don't know. However, I would just point out that revenue growth in and of itself does not necessarily mean that they are improving the lot of artists. They could 10x revenue, but if profits are being cut in half, as just an example, then this isn't improving artists' business.