4realz@lemmy.world to Technology@lemmy.worldEnglish · 10 months agoSpotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.open.substack.comexternal-linkmessage-square230fedilinkarrow-up1621arrow-down167
arrow-up1554arrow-down1external-linkSpotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.open.substack.com4realz@lemmy.world to Technology@lemmy.worldEnglish · 10 months agomessage-square230fedilink
minus-squareechoplex21@lemmy.worldlinkfedilinkEnglisharrow-up4·9 months agoBasically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.
Basically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.