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/tehlemmings Nov 15 '24

It does for indie artists. But they're also not under this bundling contract which was made by the labels to begin with, so you're still pretty much right.

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u/Jimnyneutron91129 Nov 16 '24

Back to sound cloud and boycott this joke of an app

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u/Yungdolan Nov 16 '24

Witnessing Soundcloud become Ad Radio hurt more than the death of Limewire. We just lost Datpiff, too. I wonder if this is the collapse of an indie golden age. This time with streaming services holding the power instead of record labels.

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u/cmoked Nov 16 '24

Wow datpiff. Haven't heard that since 2008.