The Economics of Spotify | Hustlenomics

Get the 5-minute newsletter keeping 2M+ innovators in the loop: https://thehustle.co/ Spotify is the largest music streaming platform in the world, with more than 195m paid subscribers. The company generates roughly $20B+ annually, yet many in music, as well as politics, have criticized the platform for how little artists are compensated through its complicated “streamshare” payout model. So how does it work, exactly? And why are artists paid so little on a platform that generates more than $11b annually? Spotify did not respond to The Hustle's request for comment. Editors Note: At 1:01, when referencing Spotify's worldwide revenue, the narration mentions dollars and uses the dollar sign incorrectly. The figures referenced are in euros. Read more about the economics of Spotify here: https://clickhubspot.com/rus