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-squareechoplex21@lemmy.worldlinkfedilinkEnglisharrow-up4·7 months agoBasically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.
minus-squarechitak166@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·7 months agoMoral of the story is people should stop lowering their standards so those richer than them can be even richer.
Basically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.
Moral of the story is people should stop lowering their standards so those richer than them can be even richer.