this post was submitted on 26 Oct 2024
484 points (96.0% liked)
Not The Onion
12549 readers
2118 users here now
Welcome
We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!
The Rules
Posts must be:
- Links to news stories from...
- ...credible sources, with...
- ...their original headlines, that...
- ...would make people who see the headline think, “That has got to be a story from The Onion, America’s Finest News Source.”
Comments must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, or otherwise disruptive behavior that makes this community less fun for everyone.
And that’s basically it!
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Hmm, so we may have a culprit in the case of the missing money.
And although I like Lily, she's not really done a lot of music recently, and was never really that big outside the UK.
Spotify itself takes an even bigger cut
I wouldn't really call it "missing" while it seems kinda shocking at first that labels take that much of a cut, people don't really realise just how many people are involved in music production. From marketing to designers to video editors, social media teams, managers that get them interviews and talk shows and spots at festivals etc. And then all the overhead that comes with those jobs, so finance, HR, IT and facilities etc.
So 1/3 is actually pretty decent and a much bigger cut of the profits than most people get from their labour.