About it, there's an interesting comment by Shant Hapogian (from Semantic Saturation) on his Patreon page (at the time he created it, nine months ago, more or less).
"Every week, hundreds of new bands form around the world in this mindset, thinking the internet has got their back until the band realizes they can't actually make a living, but by then it would be too late as three things would have already happened.
1- The band has empowered the streaming service by handing them music.
2- The listener thinks they supported the artist by paying Spotify $10/month
3- Where in fact the band got paid $0.003 per play.
Now, I'm not a mathematician, but you can see what I'm getting to. Spotify doesn't care, they will keep making money and they are here to stay, thanks to big names like Sheeran, Bieber, Swift etc... (who are also being robbed by the way). Millions of artists are sucked into this giant black hole, in fear of missing out (FOMO) and leaving their work in the dark. Reality is that it's all an illusion, artists are not making any money. The only party that makes money here are record companies streaming services.
A few months ago, Tool has reportedly earned $14,000 on Spotify during the first month of their new album release. Big deal! right? Kind of. Not until you realize there's four members in the band (sometimes 5, 6?), a manager, a marketing agent, a record company, probably other parties? Do the math yourself, see how great that payout really was. Or wasn't."