The record labels still own the rights to the music correct? I assume artist only get a %. I would love to know how much people who own their rights are making?
Also, I don't know that Spotify is profitable to this day. They are for sure not taking a huge margin.
It's been common knowledge since at least 2010 to me that bands didn't make much except in concert. If I liked an artist, I should see them live, and buy some merch.