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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. (open.substack.com)

submitted 11 months ago by 4realz@lemmy.world to c/technology@lemmy.world

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[–] Sharkwellington@lemmy.one 19 points 11 months ago (2 children)

Nothing short of handing them cash in person is truly a guarantee. Really depressing how it's turned out.

[–] deranger@lemmy.world 8 points 11 months ago (2 children)

Bandcamp is a decent platform… for now

[–] thisisawayoflife@lemmy.world 2 points 11 months ago

Faircamp might be a good avenue in the future.

[–] SatyrSack@lemmy.one 2 points 11 months ago (1 children)

Has anything really happened since they were acquired by Epic last year?

[–] alt_xa_23@lemmy.world 8 points 11 months ago

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.

[–] lolcatnip@reddthat.com 1 points 11 months ago

That's not a guarantee either unless you know how much they spent getting in a position for you to hand them cash.