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.

4realz@lemmy.world · 11 months ago

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.

R0cket_M00se@lemmy.world · 11 months ago

This problem existed on reddit too but it seems concentrated here, like all the people with shit takes who got ignored on reddit came here so there voice could be heard.

I wish the fediverse the best but at this point it feels like it’ll never progress past the few hundred thousand point due to the highschool level analysis of socioeconomic problems.

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.

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.

Why Spotify Struggles to Make Money from Music Streaming