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4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year 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.

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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.

open.substack.com

4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago
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Why Spotify Struggles to Make Money from Music Streaming
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Despite being the king of music streaming, Spotify is struggling financially, but why?
  • rigatti@lemmy.world
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    1 year ago

    Basically they fund artists to record and then handle things like promotion.

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      • clgoh@lemmy.ca
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        1 year ago

        Actually it sounds like just being rewarded for having money to begin with.

        That’s most of the economy.

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      • rigatti@lemmy.world
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        1 year ago

        Yes, promoting a subreddit and promoting yourself as an artist are the same thing.

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