4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year 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.com4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year agomessage-square206fedilinkcross-posted to: business@lemmy.world
minus-squareczech@low.faux.moelinkfedilinkEnglisharrow-up13·1 year agoTo be fair- Spotify priced the service that doesn’t make enough profit to pay artists adequately.
minus-square4realz@lemmy.worldOPlinkfedilinkEnglisharrow-up18·1 year agoLike the article explains, they can’t price their services too expensively, because of competition. If Spotify becomes $25/month, most users will move to Apple Music or YouTube Music, etc.
To be fair- Spotify priced the service that doesn’t make enough profit to pay artists adequately.
Like the article explains, they can’t price their services too expensively, because of competition. If Spotify becomes $25/month, most users will move to Apple Music or YouTube Music, etc.