Why Spotify Struggles to Make Money from Music Streaming
open.substack.com
Despite being the king of music streaming, Spotify is struggling financially, but why?
  • Darkhoof@lemmy.worldEnglish
    1064·
    11 months ago

    The rights holders are the record labels. As much as artists want to complain about Spotify they should direct their criticism to their record labels.

    • Corgana@startrek.websiteEnglish
      276·
      11 months ago

      Spotify is far from powerless in this arrangement too. Nobody is forcing them to be in this business.

      • ky56@aussie.zoneEnglish
        422·
        11 months ago

        Pretty sure Spotify is more powerless than you think. The record labels nearly burned their industry to the ground in the 2000s over digital piracy.

        Netflix wouldn’t be around today if it wasn’t for their move into becoming their own movie studio thanks to just about every big Hollywood studio pulling out, arrogantly thinking that they can each run their own service for a bigger slice of the pie. Newsflash, it’s going really bad. Especially for Disney, who deserve everything coming to them.

        I reckon if Spotify makes even a small move to undermine the big record labels, they would yank all the popular music. Spotify either wouldn’t last long or best case they down size into a niche music platform.

        • restingboredface@sh.itjust.worksEnglish
          8·
          11 months ago

          it’s going really bad. Especially for Disney, who deserve everything coming to them. <

          I can’t like a statement hard enough. Amen.

        • echoplex21@lemmy.worldEnglish
          4·
          11 months ago

          Basically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.

          • chitak166@lemmy.worldEnglish
            11·
            11 months ago

            Moral of the story is people should stop lowering their standards so those richer than them can be even richer.

        • jonne@infosec.pubEnglish
          4·
          11 months ago

          Hold on, what’s going to happen to Disney? I got the impression they’re really eating into Netflix’ market share. They basically own a huge chunk of the content most people care about.

      • Blackmist@feddit.ukEnglish
        52·
        11 months ago

        If they were getting as many listens as Taylor Swift, I’m sure they’d be making bank. But they’re not. A listen ain’t worth a lot and never has been.