4realz@lemmy.world to Technology@lemmy.worldEnglish · 2 years 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-square278fedilinkarrow-up1623arrow-down169
arrow-up1554arrow-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 · 2 years agomessage-square278fedilink
minus-squarehexual@lemmy.worldlinkfedilinkEnglisharrow-up2·2 years agoThis was also exactly why I moved away from Spotify.
This was also exactly why I moved away from Spotify.