678 Million Users, No Business Model - Why Spotify Exploits Artists

Check out Odoo, the all your business on one platform → https://www.odoo.com/r/yMi Spotify is by far the most popular audio streaming platform in the world. Despite their sketchy roots, they’ve gone on to redefine the music industry and how streaming is monetized, but it’s not all good news. You see, despite Spotify’s mainstream success, the company has never been profitable. In fact, 2024 was their first profitable year, 18 years after they were founded. As a public company, pressure to monetize well is higher than ever for Spotify, which has led to some pretty shady practices. For starters, the streaming industry as a whole has largely reduced the earnings potential of top artists compared to traditional album sales. But Spotify has made this worse for up-and-coming artists by letting them compete with internally produced music that they push much harder, as they don’t have to pay royalties for these pieces. This video explains the dark sides of Spotify and why artists aren’t the biggest fans of Spotify. Earn Cash Back On Stocks: Up To $5,000 Per Year https://www.silomarkets.com/logic Free Weekly Newsletter With Insiders: https://logicallyanswered.co/ Socials:   / hariharan.jayakumar   Discord Community:   / discord   Timestamps: 0:00 - The Truth About Spotify 0:35 - Profits, With A “Cost” 4:49 - Fake Artists? 8:55 - The “Loophole” Resources: https://pastebin.com/fzc4GRdC Disclaimer: This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research. https://www.silomarkets.com/disclosures Disclosure: This video is sponsored by Odoo. Some of the links in this description may be affiliate links, which means I may earn a small commission at no additional cost to you.