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-squareMango@lemmy.worldlinkfedilinkEnglisharrow-up1·7 months agoYo. 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.
minus-squareclgoh@lemmy.calinkfedilinkEnglisharrow-up4arrow-down2·7 months ago Actually it sounds like just being rewarded for having money to begin with. That’s most of the economy.
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.
That’s most of the economy.