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After announcing increased prices, Spotify to Pay Songwriters About $150 Million Less Next Year
(www.billboard.com)
this post was submitted on 09 May 2024
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weekly PSA that spotify is a dumb company who makes no money because they're stupid.
To put it bluntly, between the artists, and the musicians, there is the publisher (the traditional music company) the money pretty much only goes to the publisher, because spotify doesn't want to make money, nor do they want artists to make money. And the artists put their shit on spotify because people believe that spending 15 dollars a month on a service that doesnt pay artists, apparently pays artists.
Go support your local musical artists.
I always wonder how the hell don't make money, it must be some kind of “smart” accounting.
It's because they are 100% reliant on the record labels, and the record labels know that. So the record labels can charge Spotify whatever they want, because what is Spotify going to do?
That's why Spotify tried to hard to move into Podcasts and now Audio books, so that they are less reliant on the record labels.
they don't make money because they're a tech company, they pull in VC funding, and then lose money year after year, they don't need to make any money because the model is to get everyone on your platform, and then start making money. (which apparently spotify hasn't figured out yet)
Ahhh yes, future enshitification!
i'm still trying to figure out how they're going to enshittify, because it's already expensive as shit. And they still make no money, so.
Higher prices, worse quality, intrusive recommendations, ad filled basic tier?
It all depends on how much people are willing to put up with.
higher prices would be a tough bargain i think, list price is already 15 dollars a month, which i think is pushing it. They already drop songs on the regular, the only way to make it worse would be to have less songs, i.e. even less worth the price. Recommendations are already a thing, but thats a different problem. Ads already exist, and they've already been memed on, though that is a free tier, so.
I can't imagine people putting up with much more, given that for fifteen dollars a month you could buying an entire whole ass album from a band that you like every month.
I 100% agree with everything you said. It’s just that I thought people wouldn’t put up with the stuff Netflix has been pulling but I was wrong.
Music is different though…
netflix is also added ad supported tiers at lower prices, so chances are they're the primary account holders. That and the fact that they have a couple really good shows still. Netflix is probably nearly bleeding at the edges, or soon to be bleeding at the edges though, they're probably post pandemic high riding a little bit even now.
Though it's also worth noting people are actually starting to pirate media more now due to the breadth of streaming services that exist, it doesn't seem to be just the one service, it seems to be the fact that there are 12 now that's causing it.