alt Hacker NewsYou're right on what they're doing, but not the why:
1. They're getting the short end of the deal with music licensing (as are artists, btw)
2. They can't pay the artists more: the vast majority of the money goes to labels
3. The only way Spotify can grow profits if it moves to content that's not under the iron grip of the labels: podcasts, audiobooks, etc.
Replies
FireBeyond • today at 3:45 AM
And yet somehow TIDAL is able to between three and four times the royalties per stream that Spotify does.
Maybe Spotify could pay Joe Rogan a little less than a quarter billion dollars for a couple of years of podcasts.
➕ show 1 reply
You're forgetting:
4. Once Spotify wrests power from the labels, they start the enshitification process themselves.