@4realz@lemmy.world to Technology@lemmy.worldEnglish • 2 years 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-square231fedilinkarrow-up1617arrow-down169
arrow-up1548arrow-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.com@4realz@lemmy.world to Technology@lemmy.worldEnglish • 2 years agomessage-square231fedilink
minus-square@czech@low.faux.moelinkfedilinkEnglish8•2 years agoTo be fair- Spotify priced the service that doesn’t make enough profit to pay artists adequately.
minus-square@4realz@lemmy.worldOPlinkfedilinkEnglish12•2 years agoLike the article explains, they can’t price their services too expensively, because of competition. If Spotify becomes $25/month, most users will move to Apple Music or YouTube Music, etc.
To be fair- Spotify priced the service that doesn’t make enough profit to pay artists adequately.
Like the article explains, they can’t price their services too expensively, because of competition. If Spotify becomes $25/month, most users will move to Apple Music or YouTube Music, etc.