I read few complaints about Spotify's business practices. If we are talking about how "little" they pay artists (not anything else), then I don't think you can blame Spotify. I'm only chiming in here because I used to be in management consulting, so I work with a lot of business leaders and I feel the comments here are not sound and a bit delusionary on how businesses works.
Spotify charges $11.99USD for a individual plan. The user gets to stream as much as they like. If they streamed 100 times, each time for a different track. Then each artist gets $11.99/100, if the user streams 1000 times, then each artist gets paid $11.99/1000. This assumes Spotify not only makes no money but operates at a lost, but of course, Spotify is not a not-for-profit business, they have to cover their expenses and make money as they should.
According to news outlets,
Spotify paid out $10B USD in royalties in 2024. and their total revenue is only $17B USD. Their net income is $1.3B USD, that is a low margin business if you ask me, only slightly better than a restaurant and a supermarket. And for a tech and media company, that is pathetic margin; as an investor, I would never ever invest in them.
Sure Spotify could change their business model to charge customers per stream. But tell me, how many of us will complain and how many of us will cancel our subscription? I know I will.
Stop blaming streaming services for how much less artists are making nowadays, it is a result of social trends, consumer behavior, technology and evolving business model. If you want to support your artists, buy a ticket to their show. If you don't want to stream and rather buy their CD's go do that.