Right. What I’m wondering is how much money Spotify makes per stream ie is the .003 equivalent to the 10% Wavlake takes
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If someone zaps a track on Wavlake 10000 sats, Wavlake takes 1000 sats. Seems like I would need a lot of streams to get to that. But I understand your point about the walled garden
I meant “ what Spotify makes on a stream, is it equivalent to the 10% Wavlake takes”
Apples to oranges. Spotify makes money by using your content (as an artist) to sell subscriptions and they kick the artist a $0.003 "commission" on the artists own IP.
The wavlake model takes a 10% split which is more akin to what happens with the middlemen in the existing industry taking a cut of profits. Not as egregious as other middlemen though. It all varies but traditionally management will take 15%, distro takes 20%, and the label takes 25% leaving the artist with only 40% before any expenses...