@4realz to TechnologyEnglish • 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-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 • 11 months agomessage-square232cross-posted to: business
minus-square@ashok36linkEnglish2•11 months agoServers and employees. Nothing else. Got it. No office space, no advertising, no royalties. What a genius business plan. No wonder they’re so successful.
minus-square@[email protected]linkfedilinkEnglish0•11 months agoThen I’m sure their executives would be happy to take a pay cut to make the business profitable.
Servers and employees. Nothing else. Got it. No office space, no advertising, no royalties.
What a genius business plan. No wonder they’re so successful.
Then I’m sure their executives would be happy to take a pay cut to make the business profitable.