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>> we can't cash it until it reaches I think $60 or more iirc This is highly dependent on your distributor. It can be as little as $10. >> Spotify is not (or
by basisword 3y ago
>> we can't cash it until it reaches I think $60 or more iirc
This is highly dependent on your distributor. It can be as little as $10.
>> Spotify is not (or barely) making money out of our work, but we otoh are "making money" by using its platform and visibility as means to reaching to our small fan base that will finance our work through concerts.
This is an odd way to look at it. Without music, Spotify doesn’t exist. People subscribe to Spotify and listen to their ads in exchange for unlimited music access. So Spotify is making money from your music.
- ojosilva 3y ago> This is an odd way to look at it. Without music, Spotify doesn’t exist. People subscribe to Spotify and listen to their ads in exchange for unlimited music access. So Spotify is making money from your music. Spotify has expenses too and is hosting and streaming our music, distributing and maintaining an app and api for access, all basically for free for the musician. So "making money from your music" from my 800 streams a year is a very optimistic view of how the whole thing works out, I'd say we are cooperating fairly.
- kmlx 3y ago> So Spotify is making money from your music. not really: https://www.statista.com/chart/26773/profitability-development-of-spotify/ https://www.statista.com/chart/26773/profitability-developme... > Since the beginning of 2017, the streaming service has generated a positive net balance in eight quarters, two of them in 2021.
- basisword 3y agoI would guess the huge sums they've blown on exclusive podcast deals and the repeated awful unnecessary redesigns go a long way towards that.