• nixcamic@lemmy.world
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    2 years ago

    Didn’t they also slash how much they pay artists? What exactly is the point of Spotify?

    • cosmicrookie@lemmy.world
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      2 years ago

      The point is to make as much profit as possible without losing too many subscribers. This includes cutting expenses both internally and externally

    • Dr. Moose@lemmy.world
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      2 years ago

      The change exclude payouts that are under 1 cent or something like that. The news got hijacked by click and rage baiters like this title by the Guardian (which I won’t link):

      Spotify made £56m profit, but has decided not to pay smaller artists

      The smaller artists would literally get single digit cents! The Spotify hate is getting astroturfed hard it almost seems.

      • thenightisdark@lemmy.world
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        2 years ago

        You say that like it’s a defense though.

        Yeah they’re paying the people who make the product we sell so little that they don’t even get enough money in a paycheck to have it be worth sending them a paycheck!!