Comment on Why does the Music Industry allow Spotify/Apple to profit off of them?
eezeebee@lemmy.ca 1 week agoIt’s not confirmed afaik, but there is big motive behind it for Spotify to flood listeners with artists they don’t have to pay.
There’s also the apparent problem of third parties uploading AI slop. Spotify is putting in minimum listener requirements to supposedly deal with this, but what it will do instead is it choke out real small artists, and the AI artists will just get botted above the minimum pay threshold. To me, this gives Spotify even more motive than before to dilute all artists on the platform with their own AI music. They already make deals with large labels and podcasters, they don’t care about the other 90% of artists who eat at their bottom line.
“Spotify … anticipates reaching profitability for the full year in 2024, which would mark the company’s first full profitable year since it launched 18 years ago.”
Interesting that they anticipate a full year of profit when there is this “AI problem” plaguing them. How convenient it would be if it turned out to be their own AI artists they don’t have to pay.
"Ek said moving forward, Spotify will be more disciplined about how it spends money. “You should not expect that we’re going to go back to 2021 behavior. We want to be very resourceful,” he said. "
axios.com/…/spotify-projects-first-full-year-of-p…
This video shows some AI artist profiles and talks about it more: