Spotify removes hundreds of K-pop songs globally, unable to reach an agreement with Kakao M

[kirkpsalm]

@pools surprised to see kpop has come to /r/investing

 

[prays]

@pools Y'all are swarming this thread acting as if all of kpop is represented by a single company. It's not. Spotify will be fine and they'll have good kpop exposure regardless.

You really think they'd let things end up like this if they didn't have a plan?

Literally all the top streamed artists mentioned in the post are still on Spotify.

 

[rebekahr]

@prays The article went from 1 label to how big K POP is. Maybe it's a lot of smaller artists and they are trying to use the genre's marketing power to get a bigger deal at the end

 

[kreekcritter]

@pools I need mamamoo songs back in Spotify

 

[bigdave31]

@kreekcritter I feel your pain, my girlfriend and I are into K-pop and Mammamoo is one of my favorites.

 

[gilly48]

@kreekcritter Is this cow mom?

 

[mrchappelle21]

@pools Does anyone know how can I invest in Kpop?

 

[pools]

@mrchappelle21 One way would be to buy Kakao shares, but I don't believe you can invest in the KRX unless you have a Korean account.

 

[aeradom]

@pools If Kakao shares are not avalaible to purchase in the USA, you can invest in General Mills.

 

[pools]

@aeradom Does General Mills own Kakao shares?

 

[aeradom]

@pools No, but they have Cacao puffs.. close enough

 

[pools]

@aeradom Lol

 

[dac12]

@pools For those interested this is an article about Spotify and its royalty rates compared to other streaming services: https://www.bbc.co.uk/news/entertainment-arts-56169237

This is an article about Spotify expanding into new markets with potential access to over a billion new subscribers: https://www.bbc.co.uk/news/business-56164840

With Spotify rapidly expanding their exclusive podcasts and continuing to have the music portfolio they do, I think that this will be shrugged off relatively quickly.

BTS may be more listened to than Beyoncé or The Weekend, but they're still available to stream as are many other K-Pop bands.

This hurts the K-Pop bands who have been removed more than it hurts Spotify I think. As it becomes more common for people to stream music than buy individual songs or albums, access to people via a streaming service is imperative for K-Pop bands (and the companies that market/own them).

 

[resjudicata]

@pools Hundreds of songs? So like 10 albums?

 

[chriscooke95]

@resjudicata It was actually almost 200-300 artists so more than a couple hundred songs.

It may seem like a joke in a smaller genre but with Covid hurting concert numbers and more countries/companies looking to help their own industry I wouldn't be surprised if German based Spotify has to pay more for content like Netflix. (IE artists won't accept $0.00331 when other providers provide double. Or make your own)

You can see the chart of US providers and most pay out double what Spotify does to artists. https://help.songtrust.com/knowledge/what-is-the-pay-rate-for-spotify-streams

 

[chriscooke95]

Interesting to note is only Pandora pays worse than Spotify in the US market a stream. How long that continues we shall see.

https://help.songtrust.com/hs-fs/hubfs/Revised%20MGMP%20Graphics%20(19)%20(19).png?width=688&name=Revised%20MGMP%20Graphics%20(19)%20(19).png%20(19).png?width=688&name=Revised%20MGMP%20Graphics%20(19)%20(19).png)

 

[dreamcity]

@chriscooke95 Holy shit Pandora is still a thing?

 

[findyourway]

@dreamcity Pandora is gradually losing users but still has almost 60 million active users. I use it, and like it, but I am an old.

 

[onegodjesusnameapostolic]

@dreamcity I remember when my friend showed my Pandora, back in high school. It must have been 2003 or 04. I was so blown away that I could tell him an artist and then the next song would be similar. It was seriously so insane, at the time.

 

[chriscooke95]

@dreamcity Yeah its going the way of Grooveshark lol.