Earlier quoted context omitted.
Back to torrenting I guess. If I’m not mistaken snoop said he made 45k off 1 billion plays. Thats ridiculous
Ah. Music income numbers, where the details are not actually details. He did say that[1], but the statement is misleading (and has little to do with Spotify). A very rough global average per-stream payout is often estimated at around $0.003 to $0.005. That brings the payout for 1 billion streams between $3,000,000 and $5,000,000. Let's go with the lower end. This is actual money paid out by Spotify for 1 billion stre…
The business has changed since streaming and self publishing but the labels took bets on artists and gave them expensive recording studios and marketing dollars, gave them some basic money, and in return took the majority of rights to the first few albums.
They also knew that if the artist truly made it big they would likely go to a different label where they could get better terms or start their own where they’d keep all the money after the initial contract which drove their side higher.
The record label model clearly doesn’t work as well in modern days but it was successful for good reasons at the time it really flourished.