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%.

Comments

Re:so?

[hweimer]

Well, that's similar to raising awareness among burger flippers so that they negotiate better and refuse offers if necessary. If you want to get your first record deal, then you will have to accept pretty much anything. There are thousands of equally eager and talented musicians round the corner who don't ask such nasty questions. Guess who will get signed in the end?
Also, note that the reported sums are averages. This means that a handful of top artists actually get a decent cut, while the huge majority of artists actually gets nothing because they first have to pay back the label for recording costs, marketing, any advances the artists have received, etc.