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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

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[-] asdfasdfasdf@lemmy.world 24 points 11 months ago

When Spotify was made available in the US, I don't think there were any other services where you could, for free, choose a song and play it. Other services would just let you listen to similar music for free, but Spotify let you listen to the actual song you wanted.

[-] small44@lemmy.world 4 points 11 months ago

Grooveshark

[-] GenEcon@lemm.ee 4 points 11 months ago

Which didn't pay a cent to artists. It was basically pirating working in a greyzone.

[-] small44@lemmy.world 1 points 11 months ago

think the reason the fediverse isn’t popular is because people have negative opinions of Spotify? As if these opinions wouldn’t also be prevalent on Reddit? As if having to see opinions you didn’t agree with was ever holding reddit back to begin with? I don't disagree, I just mentioned it because it's a streaming service that came before Spotify

this post was submitted on 17 Dec 2023

557 points (90.1% liked)

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