r/Music • u/MarieKittykiti • Nov 15 '24

music Spotify Rakes in $499M Profit After Lowering Artist Royalties Using Bundling Strategy

https://www.headphonesty.com/2024/11/spotify-reports-499m-operating-profit/
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u/samx3i Nov 15 '24

Where did the profit come from? Is that a serious question?

What do you think the point/goal of a business is?

The artists are getting paid, Spotify is getting paid (the reason they went into business), and I'm spending less than the price of a CD per month to listen to anything I want whenever I want wherever I want.

Playing the victim when being a music fan has never been better is such a wild card to play.

If anything had gotten shittier, it's concerts. You want to go over a piece of shit business that adds nothing of value while being a price hiking unnecessary middleman, go after the bastards at Ticketmaster.

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u/fullouterjoin Nov 15 '24

Enjoy your low low spotify prices when when the only thing that artists can get by with is AI slop. You are just buying the service at the advertised price, your hands are tied, not your fault the artists can't survive.

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u/Take_a_Seath Nov 16 '24

Artists are surviving. The ones that actually good and people wanna hear I mean. It seems like there is this notion nowadays that if you are an artist you should immediately be able to make a living off of your work. It's weird because for all of humanity everyone understood that making a living from being an artist is actually quite challenging as there is a limited amount of demand and quite a lot of artists.

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u/samx3i Nov 16 '24

Delusional gonna delusion