J. Cole's "KOD" has broken the US Spotify record for biggest opening day

[Harry B]

6 billion in payout

That is a deal that they have made with the labels, 70% of their revenue goes to the labels. $10 *12 months* 70 million paying users * 70% ≈ $6b.
Unless you are saying that both Spotify and the labels are committing large scale fraud by reporting false contracts to the market. Or perhaps that you know better than every major business and industry magazines and my friends that work at both labels and Spotify, that is, maybe you are Ek himself.

If you really are interested you should read some news, perhaps some annual reports and on instead of reading two tweets from 2011 from your favorite rapper.

 

[Calmye]

It’s becoming redundant. These records don’t mean shyt and are just for marketing purposes. I actually think all these “records” that keep getting broken are only continuing to diminish the value of music..... but I’ll digress

When did a record ever mean more than just that?

 

[Anerdyblackguy]

And he owns the masters for all of it.

 

[Calmye]

The fact that these records get broken time all the means Spotify gets more members, which means that Spotify will pay the artists (see owners of the music) more money. If these people pay out 70% of their revenue from 100 million people, that's at least $8.4 billion in the coming 12 months.

More than twice as much as Warner Music Groups revenue, and on WMG, digital sales increased by 24% to 1.7b in 2017 which was a much bigger increase than the downfall in physical from 730m to 670m. So streaming is obviously a good thing the more people that stream. If it continues in this way, labels will be making more than they ever had in a few years. It's also good for artists with classics that will keep on getting streams forever, just look at someone like Ice Cube, dude has 5 million listeners every month. Millions of people have to pay him a few cents every month to listen to his shyt that they might've bought 25 years ago.

It's crazy how they just Flipped Napster on it's ass to make money off it. The market will always correct its self

 

[Ashtrey]

But but but Big Sean took Cole's spot

 

[Harry B]

It's crazy how they just Flipped Napster on it's ass to make money off it. The market will always correct its self

The dude who created Spotify is a real snake though, before Spotify he was the CEO at uTorrent. And the dude who developed uTorrent followed him to develop Spotify, the record industry must've hated him until now . Add to that the dude that created Napster negotiated Spotify's deals with the majors, was on the board and owned a bunch of shares in the company from pretty early on, so he really won in the end.

 

[Crab Judah]

What does this mean for his numbers though? Is this an indication?

Intrigued to see how Cole does

Has a solid fanbase but the last two albums have not been greatly received

Admittedly, 4YEO grew on me after the initial listen

 

[Renegade47]

That is a deal that they have made with the labels, 70% of their revenue goes to the labels. $10 *12 months* 70 million paying users * 70% ≈ $6b.
Unless you are saying that both Spotify and the labels are committing large scale fraud by reporting false contracts to the market. Or perhaps that you know better than every major business and industry magazines and my friends that work at both labels and Spotify, that is, maybe you are Ek himself.

If you really are interested you should read some news, perhaps some annual reports and on instead of reading two tweets from 2011 from your favorite rapper.

boomarked.


see you soon

 

[No1]

These records will always be broken by big artists continuously because the streaming audience is growing every year.

 

[SleezyBigSlim]

I thought he was Tidal exclusive?

 

[jerzboy]

When did a record ever mean more than just that?

Lol. I get what you're saying. I just felt that some of these records did used to mean more. I mean, once you have people start comparing so and so to Michael, that’s where it gets annoying.

 

[OJ Simpsom]

Cardi broke the same record last week and Kanye will break it in a month. Drake will follow afterwards.
Just a sign of more people streaming music that's all.

 

[Terrance Curtis Beasley]

I read that headline as "4.2m people got a fukking great nights sleep last night"

I read that headline as "drake lost"

 

[Calmye]

Lol. I get what you're saying. I just felt that some of these records did used to mean more. I mean, once you have people start comparing so and so to Michael, that’s where it gets annoying.

People used to compare MJ to James Brown. Fans of James Brown feel how you feel

 

[Sonic Boom of the South]

This album is elevator music