Music fans and artists hit back as Spotify CEO claims "the cost of creating content" is "close to zero" [View all]
Last edited Sat Jun 1, 2024, 11:54 PM - Edit history (2)
https://www.nme.com/news/music/music-fans-and-artists-hit-back-as-spotify-ceo-claims-the-cost-of-creating-content-is-close-to-zero-3761004
His comments come after the streaming giant reported profits of over 1billion
(so if distribution is worth over 1billion, and the cost of creating content is "close to zero" then people are paying Spotify billions for distributing "nothing". Is this the perfect dream of capitalism? .... Inquiring minds want to know!)
Artists and music fans from across the globe have hit back at Spotifys CEO, after he claimed that the cost of creating content in todays world is close to zero.
Daniel Ek, the CEO of the streaming giant, sparked backlash following the comments he made yesterday (May 29) implying that it is easier and more affordable than ever to create content thanks to modern technology.
Writing on X/Twitter, he shared an update which read: Today, with the cost of creating content being close to zero, people can share an incredible amount of content. This has sparked my curiosity about the concept of long shelf life versus short shelf life.
He continued: While much of what we see and hear quickly becomes obsolete, there are timeless ideas or even pieces of music that can remain relevant for decades or even centuries. For example, were witnessing a resurgence of Stoicism, with many of Marcus Aureliuss insights still resonating thousands of years later.
He asked "what are we creating now that will still be valued and discussed hundreds or thousands of years from today?
Music will still be valued in a hundred years. Spotify wont, one wrote in response.
MY QUESTION: WHERE DO WE FIND SUCH ASSHOLES?
Sheesh.
Blistering replies at the link.
EDIT TO ADD:
And please see reply 6 from highplainsdem -
https://www.democraticunderground.com/10356999#post6 -
for information on how Spotify is using more and more music it owns to avoid paying royalties to real artists they'd have to pay.
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