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
Why Spotify Struggles to Make Money from Music Streaming
open.substack.com
Despite being the king of music streaming, Spotify is struggling financially, but why?
    • Mango@lemmy.worldEnglish
      1·
      1 year ago

      Yo. I can be a record label. Come hang out in my apartment while I pay the bills and BAM! I get all the royalties!

      Sounds like stealing with extra steps. Actually it sounds like just being rewarded for having money to begin with.

      • clgoh@lemmy.caEnglish
        42·
        1 year ago

        Actually it sounds like just being rewarded for having money to begin with.

        That’s most of the economy.

    • Mango@lemmy.worldEnglish
      1·
      1 year ago

      If I can personally promote a subreddit to 8.5 million subscribers with no talent of my own, anyone who can make decent music can handle their own shit.