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Spotify is raising the cost of Premium subscriptions, again
(www.engadget.com)
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this post was submitted on 03 Jun 2024
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In the early 90s I used to pay around 10 to 15 euros (20 to 30 with current inflation) for each CD release.
And still we still complain nowadays.
We got a problem with the streaming industry but it's not the price we pay. We must be reasonable, say that the price is 15 bucks, is that really unreasonable for getting at your fingertips and everywhere most of the music even produced? I don't.
I think the major problem with Spotify isn't Spotify problem, but an industry problem. If I remember correctly, Spotify gets around 30%, then there's the distributor, and it gets around 40%. Whatever's left of the cake is divided between the label and the artist depending on the contract. The industry created something that didn't need to exist, another intermediate, the distributor. First apple used them cause of the work they do arranging all the needed metadata and keeping it tidy. The industry created them, now it can't get rid of them, and they "eat" the most part of the money.
Then why does tidal for the same price as spotify with way less users pay four times as much to the artists than spotify? Spotify has the largest market share and now they are trying to milk the cow as much as they can because people are too lazy to switch. Most people don’t even know that you can transfer playlists. Same with Netflix (although they at least have more exclusive content).
I don't really like Tidal, but this is why I have stuck with Tidal instead of switching back to Spotify. At least the artists get more money, and I get my higher bitrate. Now it seems that prices are getting even closer to parity, so that's less of a reason to switch back.
I considered trying Qobuz or Deezer, but I'm too lazy to switch right now.
I wonder why too. Spotify takes a 30% cut, but even if Tidal takes 0% cuts, how come it can pays 4x as much to artists? There must be more to the math to make it check out.
Royalties come out of profits.
Profits = revenue - costs.
Inflate costs (pay 3rd parties you also own) and pay less royalties.
At least that's how the movie business works.