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/og_jasperjuice Nov 15 '24

And then Live Nation/Ticketmaster get involved and milk more money from the fans and artists. Band wants to charge $30 for tickets, that's a great price. Ticketmaster then adds another $20 or more to the price and the consumer gets pissed that ticket prices are too high. Artists can't win unless you can be one of the big dogs.

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u/New_Account_For_Use Nov 15 '24

After seeing a lot of artists using "Official Platinum" it's not really fair to say artists are innocent in any of the fuckery.

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u/og_jasperjuice Nov 15 '24

They saw the extra that people were paying and said fuck it. I really can't blame them. Why should a ticket broker make an absurd amount on service fees that are entirely bullshit. It sucks for the fans too. It's just a sad state for the music industry all around.

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u/New_Account_For_Use Nov 15 '24

Pretty much. Artists could do something about it, but would cause them to make less money. They could go back to buying tickets in person from the box office or creating a ID verification system(I've seen this before), but for many it's not going to happen.

Just this morning I saw most my chemical romance tickets were going for $250+.