@4realz to TechnologyEnglish • 1 year 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-square232arrow-up1625arrow-down169cross-posted to: business
arrow-up1556arrow-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.com@4realz to TechnologyEnglish • 1 year agomessage-square232cross-posted to: business
minus-square@echo64linkEnglish-7•1 year agoNo, labels are shits. Spotify pays indie artists shit too though. This is not a case of labels being greedy. This is a case of spotify being greedy and making a bad situation worse.
No, labels are shits. Spotify pays indie artists shit too though.
This is not a case of labels being greedy. This is a case of spotify being greedy and making a bad situation worse.