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-squaresmall44linkfedilinkEnglisharrow-up15arrow-down3·1 year agoWhat about independent artists?
minus-squareBlackmist@feddit.uklinkfedilinkEnglisharrow-up6arrow-down2·1 year agoIf they were getting as many listens as Taylor Swift, I’m sure they’d be making bank. But they’re not. A listen ain’t worth a lot and never has been.
What about independent artists?
If they were getting as many listens as Taylor Swift, I’m sure they’d be making bank. But they’re not. A listen ain’t worth a lot and never has been.