This. But, what can we expect? They're a company. Their goal is to maximize profits, and one element of that is minimizing expenses. Still, I wish it weren't so ubiquitously-stacked against the artists. Seems like their only way to catch a financial break is selling out shows. Thank goodness most of them love what they do.
Does anyone know how Spotify pays independent artists? Say, The Classic Crime for the royalties to their new album, which was Kickstarted - how do those payments compare against bands with labels? |
Interesting question. I would also like to know how much independent artists make through streaming services.
Also, the article states that Spotify is currently hardly making profits, if I understood it correctly. So it would be understandable that they are trying to cut their expenses. But all in all, if people are not willing to pay more for a monthly subscription, artists will never make a lot of money through Spotify and similar services.