4realz@lemmy.world to Technology@lemmy.worldEnglish · 9 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-square100fedilinkarrow-up1217arrow-down130
arrow-up1187arrow-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 · 9 months agomessage-square100fedilink
minus-squarewolfshadowheart@slrpnk.netlinkfedilinkEnglisharrow-up1·9 months agoI didn’t mention servers because that is their only cost next to employees. If they aren’t paying artists well, well what’s the point of having servers. Maybe can we not pretend like Spotify is some up and coming startup that barely breaks even because of their benevolence?
I didn’t mention servers because that is their only cost next to employees.
If they aren’t paying artists well, well what’s the point of having servers.
Maybe can we not pretend like Spotify is some up and coming startup that barely breaks even because of their benevolence?