• mim@lemmy.sdf.org
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    1 year ago

    They also have staff that needs to maintain / improve the IT infrastructure. And those workers also need a salary raise to keep up with rising inflation.

    Do you think the songs just magically appear on your device?

    • SacredHeartAttack@lemmy.world
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      1 year ago

      No, i think hard working artists like me put them there, and pay for the ability to do so. I’m not saying people that work at Spotify don’t deserve a paycheck, i’m saying the artists need a larger one.

      • mim@lemmy.sdf.org
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        1 year ago

        Artists do definitely get shafted when it comes to royalties. But let’s not pretend they don’t need to raise prices at this point. The last one was in 2011, which means that they were probably burning investors’ money to be able to afford that.

        The period of cheap money is over. So a $1 increase is not that bad. Still agree that more of that should be passed down to artists.

    • CAPSLOCKFTW
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      1 year ago

      do you think most of the money doesn’t go to shareholders?

      • GissaMittJobb
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        1 year ago

        Spotify has never paid a dividend, and a quick search points to that they have done a stock buyback once. I think it’s quite safe to say that most of the money does not go to the shareholders.

        Most of the money goes to the rights holders, which incidentally happen to be large shareholders in Spotify, but this claim is disingenious.