4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year 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 · 1 year agomessage-square52fedilinkcross-posted to: business@lemmy.world
minus-squareclgoh@lemmy.calinkfedilinkEnglisharrow-up0arrow-down2·1 year ago Actually it sounds like just being rewarded for having money to begin with. That’s most of the economy.
That’s most of the economy.