While that is true, even independent artists who don’t have a label grabbing all the profits still get shafted, earning next to nothing with streams.
Comment on Why does the Music Industry allow Spotify/Apple to profit off of them?
small44@lemmy.world 1 month ago
Actually it the labels who are taking advantages of the streaming services without mentioning profiting from artists they manage. When negotiating deals with streaming services like Spotify or Apple Music, labels often demand large advances. These funds are typically non-recoupable, labels keep this money regardless of how well the music performs on the platform.
All major labels performed very well this year financially. It is really artists themselves who suffers
TwanHE@lemmy.world 1 month ago
Spotify is the only reason I don’t pirate 99% of my music (the other 1% is still played through it). Would go back to creating my own library
BadmanDan@lemmy.world 1 month ago
Ohhh. You know, that makes sense. It felt like a stupid question asking how LABELS would allow themselves to screwed over, but once again, they aren’t the ones getting screwed over.
cabbage@piefed.social 1 month ago
Fun fact: if you're an artist on Spotify receiving less than 1000 streams in a year, they won't even bother paying you. You also need a minimum number of unique listeners.
Spotify is good for those already rich, and bad for those who isn't.
They also have Joe Rogan and Gwyneth Paltrow on their payroll, and they actively lobby for more relaxed AI legislatiolegislation in the EU.
If you have a subscription, the best thing you van do is to cancel it, get your music from the high seas, and instead donate $12 per month or however much it costs directly to artists you enjoy by buying their music or merch online.
AntennaPod is good for podcasts.
deranger@sh.itjust.works 1 month ago
Bandcamp is a good option for directly supporting artists for the time being, especially if you queue up all your purchases for a Bandcamp Friday, where artists/labels receive all the money rather than BC taking their 20% cut.
eezeebee@lemmy.ca 1 month ago
Not just a good option, but the best option I know of. If you buy an album for $5, that’s equivalent to the earnings for thousands of plays on Spotify. And that would be assuming the artist even gets enough total Spotify plays to qualify for their payout under the new rules.
They are stealing from artists who bring business to the platform, and using the guise of protecting themselves from bot streamers. Oh, and they recently raised the subscription price by 25% in my country. Spotify was the satisfying subscription I have ever cancelled.
They’re also being accused of pushing their own AI-generated slop music so that they have to pay out even less to real artists. Fuck Spotify.