It's funny, I originally pitched this about 8 years ago to some VCs, and Spotify was the example I used as a platform that could do things much better.
Turned down the funding offers I got, and kicked things off in more of a slow-burn sideproject style after that.
From what I remember last time I checked on this. % of money goes to a pot. Money is then globally distributed based on time listened globally (nothing is specific to you for the distribution).
So barely any of the money you put in goes to the artists you actually listen to.
It's funny, I originally pitched this about 8 years ago to some VCs, and Spotify was the example I used as a platform that could do things much better.
Turned down the funding offers I got, and kicked things off in more of a slow-burn sideproject style after that.
I think it basically does? I think they pay out a big chunk of the subscription fees to songs based on plays.
From what I remember last time I checked on this. % of money goes to a pot. Money is then globally distributed based on time listened globally (nothing is specific to you for the distribution).
So barely any of the money you put in goes to the artists you actually listen to.