4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 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-square230fedilinkarrow-up1602arrow-down166
arrow-up1536arrow-down1external-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 · 11 months agomessage-square230fedilink
minus-squarehexual@lemmy.worldlinkfedilinkEnglisharrow-up2·11 months agoThis was also exactly why I moved away from Spotify.
This was also exactly why I moved away from Spotify.