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“Labels are costly and royalties are expensive, so it's right that artists want to see more of that money.”

Daniel Ek

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Simplified Meaning:

Artists work hard to create music, and they should be rewarded fairly for their efforts. When music is sold through a record label, a big chunk of the money goes to the label for their marketing and distribution services. Additionally, royalties, which is the money paid for the right to use the music, take another portion of the earnings. Therefore, after all these expenses, artists often receive a smaller share of the profits. For example, think about a painter who sells their artwork through a gallery. The gallery takes a fee for showcasing the painting, and the artist gets what's left. Artists believe they deserve to keep more of the money that their work earns, instead of losing so much to other costs. By keeping more of the profits, they can continue to create and share their art without struggling financially.

Related tags
Artists Labels Music business Music industry
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