4realz@lemmy.world to Business@lemmy.worldEnglish · 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-square13fedilinkarrow-up126arrow-down17cross-posted to: technology@lemmy.world
arrow-up119arrow-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@lemmy.world to Business@lemmy.worldEnglish · 11 months agomessage-square13fedilinkcross-posted to: technology@lemmy.world
Boo hoo.