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

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[–] GenEcon@lemm.ee 4 points 9 months ago* (last edited 9 months ago) (1 children)

Spotify takes 30 %, too. The 'one third' in the headline is just rounding.

And the question should be if digital markets and platforms should take 30 % or not. Because every platform does so from Steam to Apple App Store to Spotify.

Besides that Spotify offers more than Steam imho. Playlist creation, discovery algorithms, individualized playlist generation, AI DJs and if you consider Steam to also be a social platform, Spotify is too.

[–] echo64@lemmy.world 0 points 9 months ago

the actual article we are commenting under thinks its outrageous that Spotify only gets 30% and things artists should get less. so it's not "should they take 30% or not", the question posed is "why are the greedy labels not letting spotify take even more" for some reason, madness