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Crux
@crux.eth
The fact that Spotify took almost 20 years to reach a full year of profit demonstrates that their strategy was always about building market power rather than creating a sustainable ecosystem for all participants Any genuine concern for musicians would have led them to implement artist equity sharing, adjusted per-stream rates, etc by now Access to the world's music catalog for ~$12/month has effectively put us all in handcuffs and this leverage will continue to be exploited until we reach a breaking point (if we ever do) https://www.investopedia.com/spotify-hits-first-full-year-of-profitability-8785456
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Ghostlinkz
@ghostlinkz.eth
The music industry is rigged. Artists who understand the game know that in order to gain back any leverage, you must control the reach/distribution to your audience. But that’s easier said than done because the infrastructure is centralized and monopolized
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aferg
@aaronrferguson
Deleted my account after reading Filterworld, reading Mood Machine made me happy I had
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Gordo
@gordo
Its projected and expected to grow even more, there is more global market to reach yet. The network effects achieved and the legal fights won by Spotify render the service almost unbeatable on its music niche. But not every music is there, not every music will be there. New type of social and legal agreements directly setup between artists and fans will appear. Artists communities will be the new labels The update needs to start from the bottom and via critical incentives for artists, Spotify is just the delivery platform and it does that very well. Working on it at /songs-tools ;)
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Ferran 🐒
@ferran
cc/ @gordo
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QUBYT!
@qubyt
who would have known?!
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Goksu Toprak
@gt
I am not a musician myself so purely speculating from the listener POV. The way the industry was seeing increase in pirated music — people were already on their way to not to pay for music at scale. I agree Spotify was generally an extractive element on the industry overall. However, it did cap the illegal use of songs by offering an alternative at a low price point and artists (although small pct) still get something out of it.
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Avinash Wadhawan
@axw
Spotify is more than a full of surprises for recommending songs nowadays!
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