Spotify 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.

4realz@lemmy.world · 7 months ago

Spotify 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.

rigatti@lemmy.world · 7 months ago

Basically they fund artists to record and then handle things like promotion.

Mango@lemmy.world · 7 months ago

Yo. I can be a record label. Come hang out in my apartment while I pay the bills and BAM! I get all the royalties!

Sounds like stealing with extra steps. Actually it sounds like just being rewarded for having money to begin with.

clgoh@lemmy.ca · 7 months ago

Actually it sounds like just being rewarded for having money to begin with.

That’s most of the economy.

Mango@lemmy.world · 7 months ago

If I can personally promote a subreddit to 8.5 million subscribers with no talent of my own, anyone who can make decent music can handle their own shit.

rigatti@lemmy.world · 7 months ago

Yes, promoting a subreddit and promoting yourself as an artist are the same thing.

Mango@lemmy.world · 7 months ago

I didn’t even have to sing.

Spotify 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.

Spotify 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.

Why Spotify Struggles to Make Money from Music Streaming