Spotify 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.

@4realz@lemmy.world · 1 year ago

Spotify 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.

𝔇𝔦𝔬 · 1 year ago

Haha. Don’t be shocked by the reaction. We live in a world where a certain portion of ‘people’ Believe every thing should be free and corporations don’t need money at all and should just be willed in to existence and live off of the ether.

Etc. Etc. Rich people bad

Alto · 1 year ago

Way to go mask off with the ‘people’ comment bud

Spotify 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.

Spotify 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.

Why Spotify Struggles to Make Money from Music Streaming