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
  • NaoPb
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    11 months ago

    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.

    • where_am_i@sh.itjust.works
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      11 months ago

      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.