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#annual

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@Mastodon #Annual #Report 2023 is finally published!

A little late in the year, you may think, but I'm so glad we've pushed through and made it happen just before the Christmas holidays, for all of you to enjoy!

A big shoutout goes to my report partner in crime @philipkristians and our designers @dopatwo and Pierre Vincent for such a great and timely collaboration!

As well as the rest of the team for their input, feedback, laser-eye proofreading & support throughout!

blog.joinmastodon.org/2024/12/

Mastodon BlogAnnual Report 2023
More from Eugen Rochko
Continued thread

Record-shattering 1,380 #businesses take part in #annual #corporateequalityindex

Participants this year were also much more likely to have policies in place that support #transgender #workers in what #HRC described as “the most considerable #progress measured over the 20-year #history of the #CEI.”

thehill.com/homenews/lgbtq/433

I was looking at the Spotify 2022 10-K-equivalent via investors.spotify.com/financia

11.727 billion euros revenue (most of that from monthly subscriptions, a bit from ad-supported), divided by 132 billion hours is 0.16 US cents per minute

I see people saying that "US$0.003 per stream max goes to the artist". It has to be a lot less than this since 75% of that revenue is used to produce that revenue, but even if they paid every penny they made to artists, it'd have to be ~0.3 cents per song

Because streaming is just very unprofitable for producers, both in music and TV/film. There's really no way to make a fixed monthly fee cover the value of the production (latimes.com/business/technolog is a great intro to how Netflix and streaming has been a hugely money-losing operation for studios, the same thing applies to music)

To support artists, you must stop thinking about your monthly subscription to Spotify or any streamer as "payment" to the artist. Maybe think of it as a membership to a newsletter that tells you about new music? Then you have to go find that artist's actual store and buy their vinyls, merch, concert tickets, digital downloads, etc., to support them

Tldr: streaming will never be profitable for producers

investors.spotify.com Spotify - Financials