@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-square206fedilinkarrow-up1624cross-posted to: business@lemmy.world
arrow-up1624external-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.com@4realz@lemmy.world to Technology@lemmy.worldEnglish • 7 months agomessage-square206fedilinkcross-posted to: business@lemmy.world
minus-square@echo64@lemmy.worldlinkfedilinkEnglish40•7 months agoI actually work in cloud engineering and regularly price this kind of thing up. Their costs are salaries not aws bills.
minus-square@EnderMB@lemmy.worldlinkfedilinkEnglish2•7 months agoBut that’s practically true of any large tech company. It’s been conventional wisdom in the tech industry for over a decade that tech is cheap, people aren’t.
minus-square@echo64@lemmy.worldlinkfedilinkEnglish1•7 months agoYes. Spotify needs to figure out their burn rate for their salaries because taking more money away from artists isn’t the solution like op wants.
I actually work in cloud engineering and regularly price this kind of thing up.
Their costs are salaries not aws bills.
But that’s practically true of any large tech company. It’s been conventional wisdom in the tech industry for over a decade that tech is cheap, people aren’t.
Yes. Spotify needs to figure out their burn rate for their salaries because taking more money away from artists isn’t the solution like op wants.