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.

@ChicoSuave@lemmy.world · 1 year ago

I use Spotify to avoid other people. You go to clubs and listen to what people spin? Too crowded. I’m happy with an algo that knows my tastes and find that shit for me.

@dumpsterlid@lemmy.world · 1 year ago

facepalm no, DJs often put mixes up for you to listen to. Again mixcloud is a good example.

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