Spotify 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.

4realz@lemmy.world · 11 months ago

Spotify 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.

forrgott · 11 months ago

Win for Spotify? Well, of course. But I feel like the comment you were replying to was talking about a win for the consumer, which it’s definitely not. I will always prefer paying once versus a subscription service, and I’m sure I’m not alone in that regard.

(I apologize if it sounds like I’m attacking you, that is not my intent!)

Spotify 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.

Spotify 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.

Why Spotify Struggles to Make Money from Music Streaming