557

Spotify 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)

submitted 11 months ago by 4realz@lemmy.world to c/technology@lemmy.world

232 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] czech@low.faux.moe 8 points 11 months ago

To be fair- Spotify priced the service that doesn't make enough profit to pay artists adequately.

[-] 4realz@lemmy.world 12 points 11 months ago

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.

this post was submitted on 17 Dec 2023

557 points (90.1% liked)

Technology

59670 readers

2927 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS