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-squarewolfshadowheart@slrpnk.netlinkfedilinkEnglisharrow-up1·11 months agoMany of their executives make over $300,000 and the CEO is a billionaire. I don’t know how you can’t blame Spotify for payouts.
Many of their executives make over $300,000 and the CEO is a billionaire. I don’t know how you can’t blame Spotify for payouts.