4realz@lemmy.world to Technology@lemmy.worldEnglish · 8 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-square58fedilinkarrow-up1144arrow-down123
arrow-up1121arrow-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 Technology@lemmy.worldEnglish · 8 months agomessage-square58fedilink
minus-squaredonuts@kbin.sociallinkfedilinkarrow-up3·8 months agoI call bullshit. Yeah I’m sure they spend 2/3 of their income on rights holders, mainly Joe Rogan, Ed Sheeran and Taylor Swift. The average musician isn’t making shit, and yet the spotify execs are sipping champagne.
I call bullshit. Yeah I’m sure they spend 2/3 of their income on rights holders, mainly Joe Rogan, Ed Sheeran and Taylor Swift.
The average musician isn’t making shit, and yet the spotify execs are sipping champagne.