4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 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-square232fedilinkarrow-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 · 11 months agomessage-square232fedilinkcross-posted to: business@lemmy.world
minus-squareecho64@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down12·11 months agoSpotify is not new. Spotify already manage their payout. To labels and indies. They screw over both massively.
Spotify is not new.
Spotify already manage their payout. To labels and indies. They screw over both massively.