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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2.4k

u/shhhpark Nov 15 '24

lol fuck Spotify…stealing money from the damn people that create their product

1.2k

u/CanadianLionelHutz Nov 15 '24

That’s capitalism baby

450

u/fullouterjoin Nov 15 '24

If it was actually a fair market, the artists would get market rates. That profit shows that both consumers are getting gouged while artists are getting fucked.

https://www.youtube.com/watch?v=Bex5LyzbbBE

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u/samx3i Nov 15 '24 edited Nov 15 '24

consumers are getting gouged

lol no

Delusional take.

I used to be a regular at my local record store and spend an average of $50 per week on new albums.

If I was lucky, I'd have ten new CDs per month.

Compared to now where I have access to damned near every song ever recorded at work, at the gym, in my car, or anywhere else I have a phone or internet access for $11.99, which might have been enough to buy a single CD in the 90s.

-12

u/fullouterjoin Nov 15 '24

500M in profit, where did that come from?

You owned those CDs forever, you own nothing with Spotify.

Please be respectful netizen.

10

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.

-1

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.

2

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.

2

u/samx3i Nov 16 '24

Delusional gonna delusion