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
    • Crit@links.hackliberty.org
      link
      fedilink
      English
      arrow-up
      30
      arrow-down
      4
      ·
      1 year ago

      It didn’t buy the format and then cancelled it, it did it purely by providing a more convenient way of listening to music than downloading mp3s, so yes, it’s a win

      • small44@lemmy.world
        link
        fedilink
        English
        arrow-up
        17
        arrow-down
        4
        ·
        1 year ago

        I personally think mp3’s are more convinient. I don’t have to use multiple subscriptions to access to platforms exclusivities , i don’t need to worry about songs becoming unavailable. I have a big playlist on spotify with a lot of grayed out songs. Also, local music players are a lot better than any streaming service player.

        • yamanii@lemmy.world
          link
          fedilink
          English
          arrow-up
          5
          ·
          1 year ago

          Yeah, people often forget about the gray ones, even on yt music my music playlist that works fine on the video app, has some songs greyed out when I tried to listen to it inside yt music.

    • EngineerGaming@feddit.nl
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      2
      ·
      1 year ago

      Also it hasn’t, because having your actual collection on a streaming service is leagues less convenient than a bunch of mp3s on a hard drive.