The company is Access Industries and the Founder and Owner is Leonard Blavatnik
Along with what’s in the title, he is accused of reputation laundering against Ukraine and has been personally sanctioned by Volodymyr Zelenskyy. He was also part of a WhatsApp group involving some of the United States’ most powerful business leaders with the stated goals of “changing the narrative” in favour of Israel and “helping win the war” against Gaza.
Everything is in the linked Wikipedia article about him, mostly under the “Controversies and disputes” part.
I switched to Deezer after seeing it recommended as a better Spotify alternative here on Lemmy, but after finding all this I immediately stopped using it. It’s as bad as the shit Spotify does and has done IMO. I’m not here to recommend or push an alternative, but if I can give info on what I use now if someone asks.
I guess it depends on how much new music is released, added to the library, and then streamed by the users. It’s a valid concern to be sure, but I wonder if it could be offset by user growth and new music to be a non issue
Even if we assume there’s an achievable rate of growth that can consistently outpace owned plays at any given time, as with every business, there will come a day when growth slows. And at that point, they’ll be forced to solve the problem.
And then there’s all the questions of, can I download my tracks to play offline? What if they go out of business? How many artists/labels are even going to agree to this? What about tracks I buy outside of their platform? And what does “own” actually mean given that you never “own” music you buy physical media for, you don’t have any copyright, you can’t play that media for profit, you just have a license to listen to that copy personally. By default the artist “owns” their art. But do they have to give that ownership up to the co-op?
It’s going to be tough to convince people who don’t care to switch away from spotify, and there’s no reason for someone who can self-host to use it unless it’s somehow more effective at funding musicians than just buying their tracks directly.
I wish them luck making the idea work, but I think they have their work cut out for them.