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Spotify raises premium subscription price for millions (www.bbc.co.uk)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 1 year ago (12 children)

To be fair, the Family Premium rate went up by $1/mo. Certainly worth it imho.

[–] [email protected] 4 points 1 year ago (8 children)

But do they really need that extra dollar? They already pay less than a percent to artists. So why?

[–] [email protected] 9 points 1 year ago* (last edited 1 year ago) (1 children)

they report to pay ~70%

https://loudandclear.byspotify.com/#box-2

Nearly 70% of that revenue is paid back as royalties to rights holders

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

The right holders are mostly big record companies (who own spotify) that have songs that always make it into all the playlists. The Artists don't get much out of it. Other streaming services like deezer offer a model that is more fair for indipendant artists.

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