How Spotify F*cked the Music Industry

102,914
109
2023-12-14ใซๅ…ฑๆœ‰
๐ŸŒ  volksgeist.store/products/spirit ๐ŸŒŒ Cop The Spirit of Creativity today - order now and get $10 off & free shipping.
(use code volksgang for a special christmas discount)



More here:
discord.gg/Ew6avqhQfT
instagram.com/volks.geist
twitter.com/volksgeist_
tiktok.com/@volks.geist
[email protected] for business

Credits:
Philip Damico - director/writer/host
Santino Jordan - co-writer
Christopher Damico - motion graphics and post production
Aldric Joseph - video editor

Spotify bio for SEO:
Spotify is a Swedish audio streaming and media services provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. It is one of the largest music streaming service providers, with over 590 million monthly active users, including 226 million paying subscribers, as of September 2023. Spotify is listed (through a Luxembourg City-domiciled holding company, Spotify Technology S.A.) on the New York Stock Exchange in the form of American depositary receipts.

Spotify offers digital copyright restricted recorded audio content, including more than 100 million songs and five million podcasts, from record labels and media companies. As a freemium service, basic features are free with advertisements and limited control, while additional features, such as offline listening and commercial-free listening, are offered via paid subscriptions. Users can search for music based on artist, album, or genre, and can create, edit, and share playlists.

Spotify is available in most of Europe, as well as Africa, the Americas, Asia, and Oceania, with a total availability in 184 markets. Its users and subscribers are based largely in the US and Europe, jointly accounting for around 53% of users and 67% of revenue. It has no presence in mainland China where the market is dominated by QQ Music. The service is available on most devices, including Windows, macOS, and Linux computers, iOS and Android smartphones and tablets, smart home devices such as the Amazon Echo and Google Nest lines of products, and digital media players like Roku.

Unlike physical or download sales, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the number of artist streams as a proportion of total songs streamed. It distributes approximately 70% of its total revenue to rights holders (often record labels), who then pay artists based on individual agreements. While certain musicians have voiced objections to Spotify's royalty structure and its effect on record sales, others laud the service for offering a lawful option to combat piracy and for remunerating artists each time their music is played.

#volksgeist #spotify #musicindustry

ใ‚ณใƒกใƒณใƒˆ (21)
  • @AdventureShock
    There are pros and cons to everything. The best part if streaming is definitely finding smaller/indie artists. In addition to that, it's easier than ever to get into new genres compared to radio
  • @Hollocus16
    For over 20 years, music listeners have been spoiled by free music, leading to the misconception that we don't need to pay for artists.
  • @MegaUtube99
    I think TikTok did a lot more damage personally, but maybe thatโ€™s just meโ€ฆ
  • @s4ds4d
    Your take on the discovery mode is exactly what's happening, we're all just opting in for discovery mode to avoid a disadvantage and that just gets them an extra 30% share of revenue from everyone
  • @hammersampson
    Music labels got tired of accepting $0.99 from iTunes, so they hatched a plan to accept $0.00001 per stream.๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚
  • @DJ.Generation
    Most of these complaints are due to human greed by ALL parties (consumers, artists, labels, tech companies) and the oversaturation and lower quality of music now and also the general public and society having shorter attention spans due to social media and infinite content now. Spotify is just a cog in the overall machine of EVERYTHING getting worse over time. See movies, tv, fashion, politics, jobs, etc.
  • @MaryHatake97
    Even my playlist with 600+ songs will tend to always play the same songs first when put on shuffle.
  • @Jack-jx6ln
    I don't necessarily view ease of making music as a good thing. So many artists today seem to have a much more watered down discography compared to past artists. And I think I big reason for that is that artists will put out their "bad" songs too now, releasing double albums with filler songs
  • @Sitskier123
    As someone who had given up on the idea of doing music entirely, seeing so many artists be discovered and the success stories has made me start writing again. Obviously a success story is still few and far between, but I am hoping to find my way in the spotify and streaming landscape and see what happens. So we will see what happens!
  • @perfectallycromulent
    people were pounding out an album a year, sometimes two, in the 60s and 70s. they weren't laborious craftspeople toiling in obscurity for years to release perfect gems. they were workaholics on a mountain of cocaine.
  • @chrissims1957
    I think weโ€™re missing one point. We created Napster which was a problem for the conventional music industry at the time then replaced it with Spotify to save the music industry.
  • @k-isfor-kristina
    In 5 years we're not even gonna have songs, artists are gonna split their songs into multiple 30-second tracks verse-chorus-verse so that the chorus or the viral feature gets a ridiculous amount of replay
  • @nawsh2252
    My attitude has been evolving a lot lately as to how I interact with the music industry and how I have shifted my personal artistic goals. I started going hard with vinyl. Just started collecting a few months ago. I almost always buy merch at shows. I also just go to a lot of shows. I buy a lot of shirts. I quit my band and not my day job. Going forward as a solo act or possibly a duo... 2024 is a new age.
  • @LILGHETTI
    Spotify literally sent me a strike claiming bot streams even though I didn't even know! Literally french montana and G-eazy have so much bots
  • @orcaunoo
    physical music will become a thing again. genuine artists + listeners are tired ๐Ÿ˜ฉ
  • @YUGOPNIK
    Brilliant video. Artists, just like everyone else, adapt to what the system stimulates. Let's hope the artists themselves have as big of a say in that as possible โค Thanks for your work!
  • @Santiago_MX
    I've also noticed that the roll-out strategy for smaller artists has changed. Before, artists used to have 1 or 2 radio singles to promote the album before it came out. Now, artists are doing a long, drawn out release where they'll release 2 songs as an EP, then another two songs as an EP with the first two songs at the end, then another 2 songs as a 3rd EP with the previous 4 songs globed on to the end. Finally, when they release their 12 song album, we've already overplayed half of it. It's clear this is also a symptom of the streaming era, where artist latch on to the hype of their "singles" by shipping a ton of EP's with the same recycled music that's going to be "released" on an album. I get why they do it, (more streams) but they are ruining the album experience for listeners. I want to be surprised and delighted when an album comes out. Instead, I've been listening to half the album for the last 3 months so when the full album does come out, I'm not as excited about the any of the new music. (Examples of this roll-out strategy: Caroline Polacheck's 'Desire, I want to turn into you' and Between Friends' 'I love my girl, she's my boy') Anyway, Great video!
  • @chrisgaines6369
    I think the biggest thing hurting the music industry is fans being too cheap to support their artists music. I still buy CDs because no streaming service is going to take away any album or song that I love. Half the problem is people are cheapskates. They will think nothing of spending 20 or $30 on a single meal but they would never spend $10 on an album to all those music fans I say your posers. I canceled my subscription to Spotify about 3 years ago and I will never renew it. I kept noticing songs were missing from certain albums