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Major Record Labels Keep 73% of Spotify Payouts
journovampire sends this report:
New record company figures out of France suggest that artists are being paid just 68 cents from every €9.99 monthly music streaming subscription – as major labels keep hold of 73% of payouts from the likes of Spotify. They’re followed by writers/publishers with a 16% share, and then artists – mostly paid by their labels – who get 11%.
Lot of obfuscation in the article... For every 10 euro monthly subscription:
Spotify gets ?
Label gets ?
Aritst gets ?
Writer/publisher gets ?
What are the pre-tax amounts in each of these cases (don't care about the post-tax numbers)?
You wouldn't steal an an artist's royalties.
You wouldn't dodge taxes
You wouldn't install a rootkit on a customer's computerl
But the Record industry would.
And just to get the joke out of the way, "You wouldn't shoot a policeman. And then steal his helmet. You wouldn't go to the toilet in his helmet. And then send it to the policeman's grieving widow. And then steal it again!"
Not to mention that it informs the citizens who the labels have repeatedly told that they are charging these fees and getting tough on infringement for the benefit of the artists.
personally I find it somewhat insulting calling many of them artists. yes without a doubt many have a gifted voice or work hard to produce excellent sounds, but they aren't artists. The artists are those that actually write the songs and the music (yes sometimes that is also the singer, but that seems to be a rarity nowadays). most singers are little more than performing puppets.
Those that can do. Those that can't, teach. Those that can't do or teach, become critics. Performing is an art, no matter how bitter you are.
Some privacy policy Slashdot.
A cartel implies collusion - got any evidence of that going on?
Yup. They even named it themselves: The RIAA.
Well, one can point out that the record companies have been pushing predatory contracts on artists for decades, and giving them little choice.
Seriously, if the *AAs are going to heavily run this "listening is theft" crap campaign and then keep all of the damned money .. then as much as it screws the artists even more, it's almost a moral imperative to rip off the record companies even more.
The theft is by major corporations who act like they've done something to earn this money and should be earning it in perpetuity.
And one of the problems with these contracts is at the time they were signed nobody had even THOUGHT of how the royalties for streaming would work -- or thought of streaming at all in many cases. The record companies defined that to be the one which gets the artists the least possible money.
Essentially the record companies have stacked the deck so badly that the game is unwinnable.
Lost at C:>. Found at C.
NoFX said it best live even