4realz@lemmy.world to Business@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-square11fedilinkarrow-up120arrow-down13cross-posted to: technology@lemmy.world
arrow-up117arrow-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 Business@lemmy.worldEnglish · 9 months agomessage-square11fedilinkcross-posted to: technology@lemmy.world
minus-squareamzd@kbin.sociallinkfedilinkarrow-up1·9 months agoThe shareholders are the labels that are getting paid, like Sony. They really can’t lose with Spotify; if Spotify makes more money than they pay in fees the labels win and if Spotify pays out all their revenue to the labels, they are still winning.
The shareholders are the labels that are getting paid, like Sony. They really can’t lose with Spotify; if Spotify makes more money than they pay in fees the labels win and if Spotify pays out all their revenue to the labels, they are still winning.