Spotify reports results 2020

[superblonde]

From the Spotify Q2-2020 earnings release. Still a great time to start a metal music podcast!

– 21% of Spotify’s monthly active users are now listening to podcasts, up from 19% in Q1 and 16% in Q4 2019. That’s around 62.8 million people, which is 8.5 million more than last quarter.

– Spotify also said that its ‘top tier’ artists – those accounting for the top 10% of its streams – now number more than 43,000, compared to 30,000 a year ago. “Gone are the days of Top 40, it’s now the Top 43,000,” is the soundbite on that.

“Even today on our marketplace, there’s literally millions and millions of artists. What tends to be reported are the people that are unhappy, but we very rarely see anyone who’s talking about… In the entire existence [of Spotify] I don’t think I’ve ever seen a single artist saying ‘I’m happy with all the money I’m getting from streaming,” he continued.

“Stating that publicly. In private they have done that many times, but in public they have no incentive to do it. But unequivocally, from the data, there are more and more artists that are able to live off streaming income in itself.”

“There is a narrative fallacy here, combined with the fact that, obviously, some artists that used to do well in the past may not do well in this future landscape, where you can’t record music once every three to four years and think that’s going to be enough,” said Ek

“The artists today that are making it realise that it’s about creating a continuous engagement with their fans. It is about putting the work in, about the storytelling around the album, and about keeping a continuous dialogue with your fans.”

I'm an intermediate student of Metal Method. I play seitannic heavy metal. All Kale Seitan! ♯ ♮ ♭ ø ° Δ ♩ ♪ ♫ ♬
And on the Seventh Day, Mustaine said: ∇ ⨯ E = - ∂B / ∂t ; and there was Thrash; and it had a ♭3; and it was good.

[superblonde]

Spofity getting a lot of flack for their CEO’s opinions about how artists must survive the internet era by continually releasing music.

Good ol Sebastian Bach 😀 :

When this guy puts out an album himself I will listen to him tell me about my albums

Dee Snider :
While you (the listener) benefit & enjoy spotify, it’s part of what’s killing a major income stream for artist/creators. The amount of artists “rich enough” to withstand this loss are about .0001%. Daniel Ek’s solution is for us to write & record more on our dime?! Fuck him!

I'm an intermediate student of Metal Method. I play seitannic heavy metal. All Kale Seitan! ♯ ♮ ♭ ø ° Δ ♩ ♪ ♫ ♬
And on the Seventh Day, Mustaine said: ∇ ⨯ E = - ∂B / ∂t ; and there was Thrash; and it had a ♭3; and it was good.

[rorygfan]

[superblonde]

Mike Portnoy :

What a greedy little **…it’s bad enough that he’s worth BILLIONS based on stealing and giving away other musician’s music…but now he’s suggesting we need to make MORE music for HIM to make more money!!! F-@Spotify and F-@eldsjal 🖕🤬 I have 8 full album releases in 2020 & will make PEANUTS on them (if anything at all…) So his theory of artists needing to make MORE music to succeed is shit! F-@eldsjal & F-@Spotify! Support THE ARTISTS DIRECTLY if you want them to be able to continue to make music…🤬

According to the news article,
Spotify pays amongst the lowest rates per stream compared to its competitors.
Spotify pays roughly $0.00397 per stream.
Tidal pays out the most money, giving $0.01284 per stream. Rhapsody and Xbox also pay more than a penny per stream.

Streaming is the present and future, so by itself it is ok, it will be good when it goes lossless instead of mp3 as it is now, but obviously artists need better legal representation to protect their royalties from always being devalued at every turn.

At least Neil Young was big enough and has enough albums to completely start his own streaming site which even includes hidef audio.

I'm an intermediate student of Metal Method. I play seitannic heavy metal. All Kale Seitan! ♯ ♮ ♭ ø ° Δ ♩ ♪ ♫ ♬
And on the Seventh Day, Mustaine said: ∇ ⨯ E = - ∂B / ∂t ; and there was Thrash; and it had a ♭3; and it was good.

[Author]

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