4realz@lemmy.world to Technology@lemmy.worldEnglish · 9 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-square177fedilinkarrow-up1556arrow-down155cross-posted to: business@lemmy.world
arrow-up1501arrow-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 · 9 months agomessage-square177fedilinkcross-posted to: business@lemmy.world
minus-squarepaholglinkfedilinkEnglisharrow-up1·9 months agoNot always. There are plenty of independent artists on Spotify making basically no money.
Not always. There are plenty of independent artists on Spotify making basically no money.