@4realz@lemmy.world to Technology@lemmy.worldEnglish • 7 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-square230fedilinkarrow-up1596arrow-down165cross-posted to: business@lemmy.world
arrow-up1531arrow-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 • 7 months agomessage-square230fedilinkcross-posted to: business@lemmy.world
minus-square@czech@low.faux.moelinkfedilinkEnglish8•7 months agoTo be fair- Spotify priced the service that doesn’t make enough profit to pay artists adequately.
minus-square@4realz@lemmy.worldOPlinkfedilinkEnglish13•7 months 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.