4realz@lemmy.world to Technology@lemmy.worldEnglish · 7 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-square233fedilinkarrow-up1624arrow-down169cross-posted to: business@lemmy.world
arrow-up1555arrow-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 · 7 months agomessage-square233fedilinkcross-posted to: business@lemmy.world
minus-square4realz@lemmy.worldOPlinkfedilinkEnglisharrow-up18arrow-down6·7 months agoLike the article explains, they can’t price their services too expensively, because of competition. If Spotify becomes $25/month, most users will move to Apple Music or YouTube Music, etc.
Like the article explains, they can’t price their services too expensively, because of competition. If Spotify becomes $25/month, most users will move to Apple Music or YouTube Music, etc.