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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. (open.substack.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 53 points 2 years ago (1 children)

This is outdated and bad information. Most small artists lose money touring. Bigger artists might break even.

If you can buy merch, do that, if you can buy physically do that. Spotify is gonna pay pennies for thousands of streams, so nothing you do on spotify is going to benefit an artist. But "pirate and see live" is probably gonna result in a negative bank balance for artists.

[–] [email protected] 16 points 2 years ago

I think Taylor Swift just about broke even, mostly thanks to my wife and her friends.