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> Nowadays, I’m paying an ever increasing sum of money for music I’ll never own a copy of outright, to primarily pay off the Spotify platform’s AWS bill, c-leve
by piva00 3y ago
> Nowadays, I’m paying an ever increasing sum of money for music I’ll never own a copy of outright, to primarily pay off the Spotify platform’s AWS bill, c-level salaries, shareholders, and engineer salaries. Then basically the same thing for the record companies. And whatever detritus scraps are left over, dangle in front of the artist and make him do something embarrassing for it.
Spotify only had one price increase in its history and it was in 2023.
Also, check the financial reports, 70+% of all revenue goes to paying royalties, so the majority of the revenue is disbursed to labels, not the scraps, the scraps are paying for engineers, editors, designers, lots of legal resources (try dealing with licencing across 100+ markets), all the infrastructure, C-level, and so on.
Just calling out because I do agree there are many problems with subscriptions in general but not the ones you brought up.