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-squarerigatti@lemmy.worldlinkfedilinkEnglisharrow-up0·11 months agoBasically they fund artists to record and then handle things like promotion.
minus-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up0·11 months agoYo. I can be a record label. Come hang out in my apartment while I pay the bills and BAM! I get all the royalties! Sounds like stealing with extra steps. Actually it sounds like just being rewarded for having money to begin with.
minus-squareclgoh@lemmy.calinkfedilinkEnglisharrow-up0arrow-down2·11 months ago Actually it sounds like just being rewarded for having money to begin with. That’s most of the economy.
Basically they fund artists to record and then handle things like promotion.
Yo. I can be a record label. Come hang out in my apartment while I pay the bills and BAM! I get all the royalties!
Sounds like stealing with extra steps. Actually it sounds like just being rewarded for having money to begin with.
That’s most of the economy.