@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-squarealt_xa_23linkEnglish8•1 year agoEpic sold it to a company called Songtradr, who shortly laid off a good chunk of the staff. They haven’t done too much so far, but it could easily go south from here.
Epic sold it to a company called Songtradr, who shortly laid off a good chunk of the staff. They haven’t done too much so far, but it could easily go south from here.