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
  • Mango@lemmy.world
    link
    fedilink
    English
    arrow-up
    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.ca
      link
      fedilink
      English
      arrow-up
      4
      arrow-down
      2
      ·
      1 year ago

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

      That’s most of the economy.