4realz@lemmy.world to Business@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-square14fedilinkarrow-up126arrow-down17cross-posted to: [email protected]
arrow-up119arrow-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 · 1 year agomessage-square14fedilinkcross-posted to: [email protected]
minus-squareamzd@kbin.sociallinkfedilinkarrow-up4·1 year 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.