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-square52fedilinkarrow-up1126arrow-down111cross-posted to: business@lemmy.world
arrow-up1115arrow-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-square52fedilinkcross-posted to: business@lemmy.world
minus-squaredonuts@kbin.sociallinkfedilinkarrow-up32arrow-down2·11 months agoI call bullshit. Yeah I’m sure they spend 2/3 of their income on rights holders, mainly Joe Rogan, Ed Sheeran and Taylor Swift. The average musician isn’t making shit, and yet the spotify execs are sipping champagne.
minus-squarerab@lemmy.calinkfedilinkEnglisharrow-up4arrow-down1·11 months agoAverage musician probably makes more than you think https://youtu.be/qjb-pJIfQXI?si=Zbi54GvD3NqomIrv
I call bullshit. Yeah I’m sure they spend 2/3 of their income on rights holders, mainly Joe Rogan, Ed Sheeran and Taylor Swift.
The average musician isn’t making shit, and yet the spotify execs are sipping champagne.
Average musician probably makes more than you think https://youtu.be/qjb-pJIfQXI?si=Zbi54GvD3NqomIrv