Technology
Which posts fit here?
Anything that is at least tangentially connected to the technology, social media platforms, informational technologies and tech policy.
Post guidelines
[Opinion] prefix
Opinion (op-ed) articles must use [Opinion] prefix before the title.
Rules
1. English only
Title and associated content has to be in English.
2. Use original link
Post URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
3. Respectful communication
All communication has to be respectful of differing opinions, viewpoints, and experiences.
4. Inclusivity
Everyone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacks
Any kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangents
Stay on topic. Keep it relevant.
7. Instance rules may apply
If something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.
Companion communities
[email protected]
[email protected]
Icon attribution | Banner attribution
If someone is interested in moderating this community, message @[email protected].
view the rest of the comments
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).
I think you're confusing Spotify with Apple or Google, just last year:
https://www.thedailyupside.com/industries/media-entertainment/spotify-just-turned-an-annual-profit-for-the-first-time-ever/
This is the same year it paid out
10 billion in a single year, not bad for a business model that's "exploitation"
One of the things people struggle to understand is that it's not the 70's anymore, there is more music being uploaded every minute that you can listen to in a year, this has a diluting effect on the value of the thing being uploaded
On top of this piracy which is what Spotify is competing against, like the true cheapskates who don't care about artists at all and simply rip youtube videos don't pay artists a cent (or $15 a month, 70% of which goes to the music industry)
I do agree with this though
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.
Quarterly earnings and projections for 2025: https://musically.com/2025/04/29/spotify-q1-2025-financial-results-reveal-it-now-has-268m-paid-subscribers/ (And as you said they already turned a profit last year, which was over a billion).