• @AccidentalLemming@lemmy.world
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      322 years ago

      And still operating at a loss of 302 million euro. Consumers get price hikes, artists get peanuts, and Spotify is bleeding money. Who’s winning here?

      • Bernie Ecclestoned
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        182 years ago

        the company’s expenses for research and development, marketing, and administrative costs totaled a staggering €978 million

          • @golli@lemm.ee
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            132 years ago

            It also says marketing, so who knows how much of that is actually for research and development.

            I imagine spotify could research how to make their data centers and delivery more efficient, music suggestion algorithms, or just in general how to best retain and aquire new customers.

          • @endbringer93@lemmy.world
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            2 years ago

            How to make the most annoying, shitty player with no options and customizability which lags on any device. Money please!

    • @FantasticFox@lemmy.world
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      82 years ago

      It’s revenue share with the record labels. If those labels don’t pay the artists well that’s a different issue.

      • scytale
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        142 years ago

        I release independently and I earned a whopping $43 for 50k+ streams (so far). Sure, 50k isn’t much compared to mainstream artists, but $43 isn’t much either.

        • @FantasticFox@lemmy.world
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          62 years ago

          It’s revenue share based on how many streams you get. Big record labels can probably negotiate a better share, but if you sign to one there’s no guarantee you will actually see that extra money.

          Record labels ripping off music artists was incredibly common in the time before streaming, so I imagine it still is today.