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.

StinkyRedMan@lemmy.world · 7 months ago

You know they don’t pay the artist directly? Like with physical the ones taking the biggest share are the labels… Also the average musician isn’t making shit cause compared to a very few bigger artists they represent an extremely low percentage of the overall streams on the platform.

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