It’s more complex than that. A major reason artists don’t like Spotify because Spotify shows the number of track streams and regular listeners. This has a huge negative effect on many artists mental health.
Artists signed to Major label’s might get <20% of Spotify’s payment (often substantially less than that after the various spurious desuctions). Indie labels frequently pay 50% of net profits though.
Spotify’s rate per stream is certainly low. And they are in no way artist friendly.
Thanks for the confirmation, this is what I have seen talked about for a long time. I'm so sad for all those artists bound to big labels. Believe the pirates are costing them money when they could be their biggest advertisement board. I would preffer not to fuel the whole record industry when I know the artists creating the actual art gets such a small cut. Not only the singer or the song writers but album artists, sound engineers and so on. And I have seen some of the "various spurious desuctions" on paper, it's insane but good name for it.
I guess a lot of older artists that made it young would do it differently if they knew more about how the rest of the world works.
Artists signed to Major label’s might get <20% of Spotify’s payment (often substantially less than that after the various spurious desuctions). Indie labels frequently pay 50% of net profits though.
Spotify’s rate per stream is certainly low. And they are in no way artist friendly.
(I manage artists).