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"I assume the artists are reasonable rational adults. If they're on the platform, its economically advantageous to them." - Your assumption is wrong though. Art
by iamsaitam 3y ago
"I assume the artists are reasonable rational adults. If they're on the platform, its economically advantageous to them." - Your assumption is wrong though. Artists aren't on spotify because it's economically advantageous for them, they are on spotify because they have no other alternative. It doesn't matter if it's streaming platform A or B or C, they are ubiquitous and as an artist you want your music to be heard, so you have to play the field. In this case, the field sucks and mirrors capitalism, skewing the gains towards the top of the pyramid.
- nox101 3y ago> In this case, the field sucks and mirrors capitalism, skewing the gains towards the top of the pyramid. What alternative do you suggest and why would it work better than capitalism?
- prepend 3y agoIs there some other market system that produced better music? This one has its flaws but it seems to be optimizing for a great variety.
- vanviegen 3y ago> skewing the gains towards the top of the pyramid Hasn't Spotify been losing money for all/most of its existence? Or is there some other top of the pyramid?
- moogly 3y agoDaniel Ek sure hasn't lost any of his own money.