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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)

submitted 1 year ago by 4realz@lemmy.world to c/technology@lemmy.world

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[-] echo64@lemmy.world 0 points 1 year ago

the actual article we are commenting under thinks its outrageous that Spotify only gets 30% and things artists should get less. so it's not "should they take 30% or not", the question posed is "why are the greedy labels not letting spotify take even more" for some reason, madness

this post was submitted on 17 Dec 2023

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