Spotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.
Spotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.
Despite being the king of music streaming, Spotify is struggling financially, but why?
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This is why I thought some of their recent actions that hurt the lowest played artists was strange, you want to encourage artists to NOT use the big publishers to help break their triopoly.
I think the most recent changes are fine in practice, but the optics are not great which probably matters a lot.
Exactly, Spotify is stuck between pleasing artists and the big publishers.
Even the smallest artists are making more than 1000 streams yearly. The only ones they are hurting are AI generated songs.
FYI it's 1000 per track per year, not per artist.
I agree though, I went through my instrumental playlist which has loads of indi stuff and the smallest I found had 10,000 plays
Edit - looks like I got a notification for this 4 days late....