4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 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-square142fedilinkarrow-up1423arrow-down137
arrow-up1386arrow-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 · 11 months agomessage-square142fedilink
minus-squarealt_xa_23@lemmy.worldlinkfedilinkEnglisharrow-up6·11 months agoEpic sold it to a company called Songtradr, who shortly laid off a good chunk of the staff. They haven’t done too much so far, but it could easily go south from here.
Epic sold it to a company called Songtradr, who shortly laid off a good chunk of the staff. They haven’t done too much so far, but it could easily go south from here.