Why Spotify’s CEO Is Worth Billions While Musicians Make Pennies

Why are so many artists struggling in a booming music industry? Over 600 million people globally have streaming subscriptions, with most of them paying about 12 bucks a month. And for musicians, it’s never been easier to release work into the world. But ease of access doesn’t mean things are becoming more fair. 

Streaming services like Spotify have so much power and influence. With a whole new world of corporate middlemen, an already highly consolidated industry has only become even more consolidated. Music today is a winner-takes-all economy. And the biggest winners of all aren’t even musicians. 

To read Liz Pelly’s book Mood Machine: The Rise of Spotify and the Costs of the Perfect Playlist visit https://www.lizpelly.info/book   

Correction: Artists report making, on average, only $0.003 to $0.005 per stream on the platform. In text-on-screen in our video, we wrote “.0035 cents per stream” where it should say “$0.0035 per stream” 

----- 

More Perfect Union is an Emmy-winning, nonprofit newsroom whose mission is to build power for working people. 

perfectunion.us
SUPPORT INDY MEDIA
Appreciate our work to amplify independent voices? Join us as a $5/month patron. Subscribe here.
Social Issues Explore All
Inspiring Short Films
Trending Videos Explore All
Trending Articles Explore All
Recent Documentaries Explore All
Video Deep Dives Explore All
What People Are Watching Now
Guides
Recently Added
Support independent media that amplifies real voices and movements. 



Subscribe for $5/month to become a patron and watch over 50 patron-exclusive documentaries.

Share this: