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-squarePlopp@lemmy.worldlinkfedilinkEnglisharrow-up2·11 months agoIt’s because it’s the only game in town.
It’s because it’s the only game in town.