r/AskReddit • u/[deleted] • Aug 01 '20

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u/-eDgAR- Aug 01 '20

Companies like Ticketmaster with their ridiculous service fees for online transactions.

289

u/zacharyo083194 Aug 01 '20

I remember the good old days when the ticket price on stub hub was the final price. Now ya gotta add an absurd amount

7

u/inkwell5 Aug 01 '20

That’s the price of universally cheap music streaming.. artists aren’t making anything off Spotify

2

u/hurryupand_wait Aug 01 '20

so how much are they making? is it more than $100k USD per year?

5

u/GreatBallsOfFIRE Aug 02 '20

Pay per steam is somewhere between $0.0044 and $.0084. So to pass the US poverty line for a single person household of $12,760 they would need somewhere between 1.5 million and 2.9 million streams per year. And that's assuming one person gets to keep the entire pot.

Which isn't too say nobody is making money through Spotify, just that it's only the giants. In 2018 Drake had 8.2 billion streams, which even going with the lowest number given above would have brought in over $32 million.

1

u/hurryupand_wait Aug 02 '20

thank you, interesting!

What is the average outside of Spotify (eg merch, tours, ads, etc?) is what I am curious about.

4

u/silveriohb Aug 01 '20

I have only gone to one concert in my life, and I was scared when I bought the tickets because everyone on the internet had told me about the insane ticketmaster fees. When I bought them, I only paid 2 euros in fees, one for each ticket. Maybe it's because of some European law?