Quote:
Originally Posted by DownInFlames
The worst part of this situation is that Spotify can afford to pay Rogan $100,000,000 while giving musicians a tiny fraction of a penny per play.
I also have issues with huge artists like Taylor Swift getting big paydays because her fans are obsessive and listen to her music over and over and over. If someone plays her music exclusively does she get 100% of the artist share of their subscription fee? She's likely raking in more than if the fan just bought the album (or single) on iTunes.
There's also the factor that the labels are screwing the artists as always and taking a huge chunk of the royalty Spotify pays. The Eve6 guy on Twitter was saying they get nothing from their million plays on Spotify because it all goes to the label. This isn't new but the low fee is making it worse, to the point that artists can't make a living, especially during Covid.
I love streaming services for discovering music but I buy a lot of music to support bands. You don't have to do the same but don't think your $9.99 a month is going to artists.
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Spotify pays around 70% of revenue for music rights. Hard to argue they could increase that hugely - 100% of revenue would be a pretty hard limit, and its reasonable that they cover their own costs/profits as well.
That leaves two places to change the money going to artists:
1) the share the labels keep, which is an individual negotiation. Given options like tunecore where the artist can keep 100% I'd expect this to improve over time.
2) the amount people pay. If spotify doubled their revenue the artist share would automatically double. But doubling their prices wouldn't do it - some people would quit after an increase, and presumably they're already optimizing ad rates on the ad supported side.