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
  • lolcatnip@reddthat.com
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    1 year ago

    How is this news? The price you pay for media of any kind I can think of goes mostly to the rights holders, not the companies physically delivering it to you. You may object to the rights holders being shitty record labels, but that term also includes independent artists. And more to the point, rights holders are by definition the people who are entitled to profit from selling access to the media they own.

    If you want to get pissed at someone, get pissed at the record labels sharing a ridiculously small part of their licensing fees with the artists who make their product.