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-squareecho64@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down8·7 months agoNo, labels are shits. Spotify pays indie artists shit too though. This is not a case of labels being greedy. This is a case of spotify being greedy and making a bad situation worse.
No, labels are shits. Spotify pays indie artists shit too though.
This is not a case of labels being greedy. This is a case of spotify being greedy and making a bad situation worse.