Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists.
Spotify now accounts for 20% of all recorded music revenue. Yet, only ~2% of Spotify artists earn more than $1k per year from streaming. As Sadie Dupuis, who’s accumulated 15m+ Spotify streams, told 📝The Hustle, “I don’t know any artists who feel their career has been made better by Spotify.”
Media
- The business rationale that led to Spotify’s moderation scandal by 📝The Hustle
- The Economics of Spotify by 📝The Hustle
References
- Spotify, crunchbase.com