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Spotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders. (open.substack.com)

submitted 11 months ago by 4realz@lemmy.world to c/technology@lemmy.world

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[–] Plopp@lemmy.world 0 points 11 months ago (1 children)

You don't need to give up the rights to your music to a third party for them to do marketing or handling legal matters for you. You just need to pay them for their services. And you should be able to choose from several competitors in the market, based on what they offer and what you want/need/can afford. So yeah, record labels shouldn't exist anymore.

[–] AAA@feddit.de 0 points 11 months ago

Haha. Yeah. The countless small artists with their marketing and legal budget. Why oh why aren't they just using their own money?