this post was submitted on 24 Jul 2023

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

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

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[–] 0421008445828ceb46f496700a5fa6@kbin.social 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

[–] CAPSLOCKFTW@lemmy.ml 2 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.