It doesn't matter if it's Spotify's fault - I'm not saying they are the evil empire. I am saying that streaming is how we "beat" piracy, and it was not a panacea for the people it was supposed to protect - unless we consider the labels the people it was supposed to protect.
You're also comparing apples to oranges on revenue. 40% of the revenue of a $10-$18 CD sale is a lot different than 70% of a $10/mo subscription being split out over however many artists someone might listen to on spotify.
Lots of artists talk about how they simply can't make a living off streaming royalties - artists that were able to do in the era of album sales. Obviously any sort of comfortable living requires merch sales and touring.
You're also comparing apples to oranges on revenue. 40% of the revenue of a $10-$18 CD sale is a lot different than 70% of a $10/mo subscription being split out over however many artists someone might listen to on spotify.
https://www.nytimes.com/2021/05/07/arts/music/streaming-musi...
Lots of artists talk about how they simply can't make a living off streaming royalties - artists that were able to do in the era of album sales. Obviously any sort of comfortable living requires merch sales and touring.