Spotify CEO Daniel Ek touched the collective nerve of the music world by saying it costs almost nothing to make "content"

Spotify CEO Daniel Ek sparked an online backlash after a social media post in which he said the cost of creating “content” is “close to zero”.

The boss of the streaming giant said in a post on X: "Today, with the cost of creating content being close to zero, people can share an incredible amount of content. This has sparked my curiosity about the concept of long shelf life versus short shelf life.

"While much of what we see and hear quickly becomes obsolete, there are timeless ideas or even pieces of music that can remain relevant for decades or even centuries.

“Also, what are we creating now that will still be valued and discussed hundreds or thousands of years from today?”

Music fans and musicians were quick to call Ek out, with one user, composer Tim Prebble, saying: “Music will still be valued in a hundred years. Spotify won’t. It will only be remembered as a bad example of a parasitic tool for extracting value from other peoples music. (or “content” as some grifters like to call it).”

Musicians weighed in too, with Primal Scream bassist Simone Marie Butler saying: “Fuck off you out of touch billionaire.”

  • SeaJ
    191·
    23 days ago

    I guess I don’t understand his point. Is he saying that making content is cheap (it’s not) so artists don’t need to be paid a lot? If content creation is cheap, why are they not the ones producing the music? It should be cheap for them to be their own label, right?

    But shit, you would think the CEO of a company whose main product is streaming content would have some idea of the cost to produce that content. Recording studios do not exactly grow on trees and it’s not like audio engineers are working for free. I guess I don’t understand why he is paid so much since being an executive at a company does not require much expense.

    • RBG@discuss.tchncs.de
      3·
      23 days ago

      I think its one of two things. An out of touch way of saying that anyone could make a video or a song that becomes a hit and just out it online, visible for the world. Everyone has a phone and can record stuff themselves.

      On the other hand it also sounds like he might mean, they (as in Spotify) don’t pay much for the content they show people. Not sure what the angle on that is though.

    • exanime@lemmy.today
      2·
      22 days ago

      But shit, you would think the CEO of a company whose main product is streaming content would have some idea of the cost to produce that content

      That’s just it, he is so fucking out of touch and high on his own jizz that he believes Spotify takes in billions in revenue because of the platform and not the music