pulsewidth
@pulsewidth@lemmy.world
- Comment on 'Technofascist military fantasy': Spotify faces boycott calls over CEO’s investment in AI military startup 3 weeks ago:
Didn’t confuse them with anyone, they put out a quarterly report as all publicly-traded companies do, and they’re on track to do over $2 billion in profit this year ($17b revenue).
What I didn’t go into depths to describe is that the vast majority of their money goes to big labels and several big artists they have less-favourable (to Spotify) contracts with, because those big labels and artists know they can pressure Spotify to get a bigger slice.
So, they continue to give most artists, especially small/new artists next to nothing, exploiting them.
Nothing I said is innacurate IMO.
- Comment on 'Technofascist military fantasy': Spotify faces boycott calls over CEO’s investment in AI military startup 3 weeks ago:
How about just boycott it because it’s terrible for artists? It pays four tenths of a tenth of a cent per stream ($0.004), while raking in billions of profit each year.
Spotify’s whole business model is exploitation.
Listen to music on whatever service, then if you like the artists music - buy the album, or the track / single. Sure, you may support fewer artists this way, but each artist gets paid literally 2500 times as much (album averages 9.99).