this post was submitted on 20 Jun 2023
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You Should Know
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Adverts like this post shouldn't be a think in "YSK". It makes no sense.
This app is literally just music piracy in a fancy shell anyways. Since there's no YouTube ads displayed, artists get nothing. Think Spotify is bad at paying artists? Try... piracy...?
That's fair, but I am curious how much of streaming revenue go towards the artists and how much goes towards the labels.
That isn't up to Spotify, all money goes to the labels and then the labels and artists negotiate their share. They've got a good site actually: https://loudandclear.byspotify.com/
But did you know that when Spotify negotiated streaming rights from the labels, the labels only agreed if they could take an ownership stake in Spotify. Then the labels insisted on LOWER streaming fees for themselves. This shifts their income to come from their Spotify stake, which they don't have to pay to artists.