4realz@lemmy.world to Technology@lemmy.worldEnglish · 7 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-square230fedilinkarrow-up1625arrow-down169cross-posted to: business@lemmy.world
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@lemmy.world to Technology@lemmy.worldEnglish · 7 months agomessage-square230fedilinkcross-posted to: business@lemmy.world
minus-squareSatyrSack@lemmy.onelinkfedilinkEnglisharrow-up2·7 months agoHas anything really happened since they were acquired by Epic last year?
minus-squarealt_xa_23@lemmy.worldlinkfedilinkEnglisharrow-up8·7 months 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.
Has anything really happened since they were acquired by Epic last year?
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.