@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-squarenihthlinkfedilinkEnglish1•11 months agoIt’s not needed, but for some reason artists keep signing, so there is probably something they provide that makes it worth it
It’s not needed, but for some reason artists keep signing, so there is probably something they provide that makes it worth it
It’s because it’s the only game in town.