@4realz@lemmy.world to Technology@lemmy.worldEnglish • 6 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-square226fedilinkarrow-up1626arrow-down167cross-posted to: business@lemmy.world
arrow-up1559arrow-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.com@4realz@lemmy.world to Technology@lemmy.worldEnglish • 6 months agomessage-square226fedilinkcross-posted to: business@lemmy.world
minus-square@NaoPblinkEnglish6•6 months agoYeah it’s all the fault of the rightsholders. Definitely not bad management. Not that I’m a fan of rightsholders but this is more like shifting the blame.
minus-square@where_am_i@sh.itjust.workslinkfedilinkEnglish2•6 months ago400m subs x 100$ a year on avg = 40 billions in revenue. Even if only 25% e.g. 10 bil is retained by Spotify it’s a lot of money to maintain infra and pay stuff.
Yeah it’s all the fault of the rightsholders. Definitely not bad management.
Not that I’m a fan of rightsholders but this is more like shifting the blame.
400m subs x 100$ a year on avg = 40 billions in revenue. Even if only 25% e.g. 10 bil is retained by Spotify it’s a lot of money to maintain infra and pay stuff.