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-square232fedilinkarrow-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.com4realz to TechnologyEnglish · 1 year agomessage-square232fedilinkcross-posted to: business
minus-squareBleeping LobsterlinkfedilinkEnglisharrow-up4·edit-21 year agoSpotify iirc pays $0.003 per stream, so for 80m streams he’s got $24,000. If he’s got less than that then he should be directing ire at his label or publisher.
minus-squarescottywhlinkfedilinkEnglisharrow-up4·1 year agoYour math is correct. Weird Al was exaggerating to make a joke and a point.
Spotify iirc pays $0.003 per stream, so for 80m streams he’s got $24,000.
If he’s got less than that then he should be directing ire at his label or publisher.
Your math is correct.
Weird Al was exaggerating to make a joke and a point.