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-squareDarkhoof@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down1·7 months agoCompletely agreed. If they focused on their core business they would’ve already been in much better shape.
Completely agreed. If they focused on their core business they would’ve already been in much better shape.