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Yes, multiple people have pointed this out already and I’ve agreed with them. However I work in the music industry and Spotify is definitely not paying by far the lowest. By sheer volume they’re paying most of the share a song is earning nowadays and even on a per play basis they are fairly similar to their competitors, maybe slightly lower.
We can make the argument that revenue on a per stream basis is much too low in general and I would agree, but then we also have to rethink the entire pricing model.
OK, true Pandora pays the least, but Spotify is down there.
Spotify pays 0.3¢ per stream.
Tidal pays 1.3¢ per stream, 400% more
Qobuz is around 4¢ per stream, 300% more. Some regions can apparently go down to as little as 1¢ per stream, still much more.
Hell, apple music pays over double what Spotify does at 0.8¢
Yes it pay around what shitty US companies pay per stream, but the whole point of this point is that it is a bad standard. PLUS, these other services don't have the "shit on small artists" policies like Spotify.
Let's take a small artist that has 10k streams on Spotify and qobuz:
on qobuz they earn more than 100 euros
on Spotify they earn 0 euros
and anything above their minimum, does not earn the total, but the total - the minimum
A small artist that has 20k streams on the same two, and assume the Spotify stream minimum is 10k (IIRC it is a bit higher)
on qobuz, they earn more than 200€
on spotify, they earn about 30€
Plus this isn't even addressing the making of shitty AI music and injecting it in playlists to steal even more revenue from artists.