4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 months agoSpotify 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.open.substack.comexternal-linkmessage-square225fedilinkarrow-up1626arrow-down167cross-posted to: business@lemmy.world
arrow-up1559arrow-down1external-linkSpotify 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.open.substack.com4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 months agomessage-square225fedilinkcross-posted to: business@lemmy.world
minus-squareclgoh@lemmy.calinkfedilinkEnglisharrow-up4arrow-down2·11 months ago Actually it sounds like just being rewarded for having money to begin with. That’s most of the economy.
That’s most of the economy.