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
  • where_am_i@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    2
    ·
    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.