In a letter sent to Uruguay’s Minister of Education Pablo Da Silveira, a spokesperson for Spotify said: “If the proposed reform became law in its current form, Spotify’s business in Uruguay could become unfeasible, to the detriment of Uruguayan music and its fans,” claiming that the amendment would force it to “pay twice” the amount of royalties.
Spotify currently pays out at 70%. Doubling royalties would cause them to pay out more than they make in subscription and ad revenue. This is why they’re shutting down.
Doubling means rising the price and not shutting down or giving less to some and more to others. The new price may be too expensive for the customer. In this case, the service or the business model is the issue.
An other regulation may be to pay egally all artists per listen with this point regulated as well.
Spotify didn’t turn a profit yet. I would be pessimistic on the business model knowing the Majors take the majority of the 70%. Spotify is de facto a monopoly and so the Majors. With a fair price, the issue is to see the Majors quit the service and launch their own service. Spotify would be useless with only the indep (this is sad). They are protecting their money and the Majors. They don’t care about the smaller artists.
Spotify is hardly a monopoly by any standards. I agree that they have a large market share and in some countries Spotify is synonymous with music. But there’s plenty of options
Well that’s damning
Spotify currently pays out at 70%. Doubling royalties would cause them to pay out more than they make in subscription and ad revenue. This is why they’re shutting down.
Doubling means rising the price and not shutting down or giving less to some and more to others. The new price may be too expensive for the customer. In this case, the service or the business model is the issue.
An other regulation may be to pay egally all artists per listen with this point regulated as well.
Spotify didn’t turn a profit yet. I would be pessimistic on the business model knowing the Majors take the majority of the 70%. Spotify is de facto a monopoly and so the Majors. With a fair price, the issue is to see the Majors quit the service and launch their own service. Spotify would be useless with only the indep (this is sad). They are protecting their money and the Majors. They don’t care about the smaller artists.
Spotify is hardly a monopoly by any standards. I agree that they have a large market share and in some countries Spotify is synonymous with music. But there’s plenty of options
Damming = behaving like a dam
Damning is what you mean I imagine!
No, no, let him cook, the water is money and Spotify holding it back.
I dig it
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Lol autocucumber