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-squarenihth@programming.devlinkfedilinkEnglisharrow-up1·7 months agoIt’s not needed, but for some reason artists keep signing, so there is probably something they provide that makes it worth it
minus-squarePlopp@lemmy.worldlinkfedilinkEnglisharrow-up2·7 months agoIt’s because it’s the only game in town.
It’s not needed, but for some reason artists keep signing, so there is probably something they provide that makes it worth it
It’s because it’s the only game in town.