Same thing happening with the actors and writers right now

They’re indeed on strike for pretty similar reasons!

Oh well

I remember this, lots of big artists pulled their music from Spotify (or releasing exclusively to other platforms) due to royalty payout concerns up until 2018-2019 or so

From my memory
Taylor Swift
Beyoncé
Jay Z
Prince
Black Keys
Radiohead
Adele

I’m sure there are more that I’m forgetting

I guess after 2019 or so a lot of artists held a “if you can’t beat ‘em, join ‘em” sort of mentality. As Dave Grohl said, if you want ppl to hear your music you gotta let them hear it

Meanwhile spotify grosses billions

Crazy thing is that Spotify has apparently never generated a profit.
Now, it could be that they’re doing some Hollywood Accounting in order to get some tax breaks, but it could also indicate that it’s very difficult for these streaming companies to be profitable

Come live all your dreams at Tidal

Maybe similar to how Netflix has like an endless amount of debt

All that money going to corporate executives that dont even know how to make music.

Can yall pls stop usng Spotify

?

Spotify ain’t making any profit but it’s gaining capital from investors from being a highly interactive platform + ads

I just can’t see how they can make legit profit anytime soon the way music is now unless they start producing music shows or concerts

This comment is stupid but what do i expect from a nigga with a NBA young boy avi

Poor millionaires

bum ass Spotify lmao

In November 2021, it was announced that Spotify co-founder and CEO Daniel Ek's investment company Prima Materia had invested €100 million ($114 million USD) in Helsing, an artificial intelligence company based out of Europe that assists in military technological ventures.

holy f*** this some Illuminati s*** right there

No way you think all artists are millionaires

tell me about it hahahahahahahahaha

people only paying $5-$15 a month for streaming services so thats what happens

They could either raise prices or distribute money based on what that individual user listens to.

Bieber and a few others just a few months back

I got 3,000+ streams on my album over the course of 2 months and I got $12

(Which may even be inflated, cause I think my parents bought my album for $10 on iTunes)

GOAT PARENTS

LINK THE MUSIC B**** NIGGA