Much more so on spotify (and streaming generally). In the traditional system an artist might have got 10% of retail price. That equates to much more than 10% of profit (could be around 40% of profit in some cases). While record companies do have various ways of chipping away at that, the fundamentals of a traditional points deal aren't actually as bad as usually presented and way better than in other retail industries (e.g. clothing).
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Much more so on spotify (and streaming generally). In the traditional system an artist might have got 10% of retail price. That equates to much more than 10% of profit (could be around 40% of profit in some cases). While record companies do have various ways of chipping away at that, the fundamentals of a traditional points deal aren't actually as bad as usually presented and way better than in other retail industries (e.g. clothing).