The new Spotify feels like another Instagram moment.
website, which breaks down the economics of music streaming, is naturally spun in its favor. But the money that Spotify pays to rights-holders doesn’t necessarily reflect what goes to the actual artists.
These rates depend on a lot of factors, including where you stream the music, but it’s been hard to ignore breakdowns from some of my favorite artists like Public Service Broadcasting , that consistently place Spotify towards the lower end of the payout scale. , which states that “historically, Apple Music has paid artists much better than its streaming music rival, Spotify” and found that this continued to be the case last year.
I may never listen to Bach in spatial audio, but I appreciate Apple using its financial clout to at least do something interesting in the music streaming space. Meanwhile, Spotify spent what seemed like hours at itsThis doesn’t mean that Apple has discovered a way to make a simple music app sustainable – unlike Spotify, it’s simply able to treat Apple Music as a loss-leader for the iPhone.
The bigger problem is that no app, including Spotify, has yet found a way to make music streaming truly profitable. Spotify has only reported a profit once in its history and the main reason is because payouts to music rights holders account for aroundThat’s why Spotify is, understandably, looking beyond music for some actual money spinners. A few years ago,that “more than 20% of all Spotify listening will be non-music content”.
The trouble for me is that this has made the new Spotify so bloated, confusing and downright annoying that I’m jumping ship to Apple Music – and taking all of my playlists with me using
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