It’s a bit of a confusing situation. Spotify pays the labels for the rights, but also has to pay the artists? Do the artists not get money from the labels for the money they got from seeling their songs? Do artists that own their own songs get a larger cut from Spotify?
And yeah 56mil is nothing to a business like this, I’m surprised it’s not more profitable with all the subscriptions and ad money. It’s like THE platform for music nowadays.
It’s a bit of a confusing situation. Spotify pays the labels for the rights, but also has to pay the artists? Do the artists not get money from the labels for the money they got from seeling their songs? Do artists that own their own songs get a larger cut from Spotify?
And yeah 56mil is nothing to a business like this, I’m surprised it’s not more profitable with all the subscriptions and ad money. It’s like THE platform for music nowadays.