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Evolution of recorded-music revenue over the last 50 years
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this post was submitted on 30 Oct 2023
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this is a really helpful place to talk about how profits != revenue.
So after spotify pays itself all the money it might want to take from subscriptions and ad revenue, you are left with the "profits" which now get split 30% in favour of spotify.
True, it's all creative accounting to obfuscate what's actually going on