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-squarehexual@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year agoThis was also exactly why I moved away from Spotify.
This was also exactly why I moved away from Spotify.