#spotify update

[updatingranboo]

ranboo has made a new genloss playlist!

[you-need-not-apply]

What are you favourite artists really getting paid?

A comparison of streaming platforms

Music plays an incredible part in shaping our society. From protest songs, educational rhymes, folk, classical, rock, techno, indie and disco music, it shapes our world view in a unique and powerful way. The way of listening to music has changed dramatically over the last one hundred and fifty years, from live bands on corners, to the invention of the radio, record players, CD’s, tapes, electronic music and now live streaming.

However, in a world where everything is about profit and popularity, the competition between streaming services is stiff. The pay ranges from awful to poor and as the algorithm evolves to recommend new artists to you, who is really making the most money?

The obvious answer is the streaming platform itself. Spotify wracked in a $18.68 billion (AUD) revenue in 2022 alone. Although Spotify don’t post their net profit, they did report a $391.2 (AUD) million loss in 2022, assuming this loss came from their initial revenue, Spotify should, theoretically, have made a staggering $18.28 billion dollar profit.

This leads us to the artists themselves, with such a large amount of profit and roughly 11 million artists on Spotify, we can only assume that split evenly and leaving a $2 billion (AUD)  dollar profit for Spotify themselves that each artist would be paid an average of $1480 AUD per year.

This is not the case. Spotify pays around $0.003 - $0.005 USD per stream, a pitiful amount. In fact, per 100,000 streams on Spotify an artist can only hope to gain around $300 - $500 USD. On top of this already insanely low number, Spotify practices a 70/30 model with an average of 70% of profit going to the artists themselves, while they take an additional 30%. This leaves us with around $210 - $350 USD profit.  The remaining royalties are then divided between the songwriters, publishers, and owners of the master recording. This could include the artist themselves, but it could also be the label they're signed to, leaving an even smaller profit for the artists themselves.

One of the most popular artists in the world, Taylor Swift, makes around $0.0043 USD per stream on her music. The highest paid artist, Drake, makes around $0.0049 USD per stream on his music. To be considered for having a ‘good number of streams’, an artist needs around 10,000 to 50,000 monthly listeners, however only 213,000 artists have hit this threshold out of the initial 11 million we discussed earlier.

In conclusion, Spotify is a scam. Buy physical items, such as CDs, records, merch, concert tickets etc, to truly support your favourite artist. And for god’s sake, don’t use Spotify

[batesmotelofficial]

[cyarskaren52]

My Spotify wrapped in a couple of gifs

[greechles]

i am so mad about the spotify update

like, why on EARTH would you ever think it's a good idea to lock lyrics behind a paywall? i can't be the only person who thinks this is ableist to some degree?

there are people who need to access the lyrics for various reasons, including disabilities, but now they can't unless they fork over money??? that's actually ridiculous. spotify just made a huge accessibility issue in an attempt to get a couple extra dollars out of people who NEED THAT FEATURE. a feature that's been FREE for YEARS.

also, what's the point in locking lyrics behind a paywall when they aren't even available anyway? i thought that my spotify app not displaying ANY lyrics on any of the songs i listen to - even for songs that i KNOW had lyrics before - was just some weird glitch that they were trying to fix, but i guess not??? i guess clicking on the microphone to see some silly message saying "you got us!!!! we're still working on finding these lyrics!!!" counts towards the monthly lyric limit, too.

im mad and i hate it here

[atinyladybug-daydreams]

Is it just me or are public, user-made playlists no longer available on Spotify???

I was trying to see if there's a character's playlist and either the playlist option is gone or like, the playlists are only made by Spotify????

[legendarymusicmilkshake]

Having a mental breakdown 🥰 the Spotify update isn't HELPING 🤪 I thought it was just me and my Spotify account against the world. Turns out I've been betrayed 😔✊🏼

[spotifymariah]

Mariah Carey has crossed over 1 BILLION streams on Spotify in 2024!

— Last year she crossed this mark on October 11th.

[aromantisk-fagforening]

I actually feel like the Spotify update now improved the app. It made it so you can see all the playlist a song is in when you add it to a new playlist. Making it easier to move a playlist from a to b and to know what playlists the song is in.

[big-idiot-wolf-boys]

Spotify update can eat my entire dick

[jimin-updates]

Jimin’s Spotify profile has earned over 2.1 billion streams!

Cr

Let’s keep streaming to show Jimin how much we appreciate his artistry and good work.

[updatingranboo]

ranboo made a new playlist on spotify !!

[mikewheelerscloset]

the new spotify update is gonna be my 13th reason

[chaoticlivingperson]

I hate the spotify update so much. I thought the last one was BAD but it's nothing compared to this one. Like wdym playing the playlist in order is a premium feature???? I can't see lyrics???Wth?? I hate it here T-T

[cyarskj84]

[importantbluebirdpoetry]