this post was submitted on 17 Dec 2023
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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 11 months ago by 4realz@lemmy.world to c/technology@lemmy.world
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[โ€“] GenEcon@lemm.ee 0 points 11 months ago (1 children)

Even the smallest artists are making more than 1000 streams yearly. The only ones they are hurting are AI generated songs.

[โ€“] Nighed@sffa.community 1 points 11 months ago* (last edited 11 months ago)

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....