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.

@ribboo@lemm.ee · 1 year ago

I can take your word for it, or I can consider the fact that basically every major company in the world does it. Somehow I don’t think it’s totally useless.

@frezik@midwest.social · 1 year ago

People who are good at marketing have convinced people with money to do it, yes.

@Arcka@midwest.social · 1 year ago

Yeah, that dude’s take reads just like climate science denial and flat earth conspiracies.

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