Spotify 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. - eviltoast
  • czech@low.faux.moe
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    11 months ago

    To be fair- Spotify priced the service that doesn’t make enough profit to pay artists adequately.

    • 4realz@lemmy.worldOP
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      11 months ago

      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.