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Rethinking Spotify and Music Streaming: Addressing Common Criticisms with Realistic Insights — A Comprehensive Look at Artist Compensation.
After reading all of the comments on my Facebook Post about why musicians are wasting their time vilifying Spotify, I decided to address all of them.
After all, we can not solve a problem if we do not truly understand it.
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So here’s what people said — and why they’re still wrong:
Spotify employees make too much money — they should cut everyone’s salaries and give musicians more money!
I understand why that would seem like a simple solution — but let’s examine why it wouldn’t work.
Do you only cut salaries?
Do you also cut their benefits? Should the company cut their payments to their employee’s retirement plans? That’s 51 million.
Should they get rid of employees’ stock-based compensation: 381 million.
What if I told you that doing all that would cause a negligible difference in compensation for artists?
You see — Spotify pays SO MUCH MONEY to rights holders as a whole that if you…