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-squareNaoPb@eviltoast.orglinkfedilinkEnglisharrow-up0·11 months agoYeah it’s all the fault of the rightsholders. Definitely not bad management. Not that I’m a fan of rightsholders but this is more like shifting the blame.
minus-squarewhere_am_i@sh.itjust.workslinkfedilinkEnglisharrow-up1·11 months ago400m subs x 100$ a year on avg = 40 billions in revenue. Even if only 25% e.g. 10 bil is retained by Spotify it’s a lot of money to maintain infra and pay stuff.
Yeah it’s all the fault of the rightsholders. Definitely not bad management.
Not that I’m a fan of rightsholders but this is more like shifting the blame.
400m subs x 100$ a year on avg = 40 billions in revenue. Even if only 25% e.g. 10 bil is retained by Spotify it’s a lot of money to maintain infra and pay stuff.