this post was submitted on 17 Dec 2023
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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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[โ€“] echoplex21@lemmy.world 4 points 11 months ago (1 children)

Basically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.

[โ€“] chitak166@lemmy.world 2 points 11 months ago

Moral of the story is people should stop lowering their standards so those richer than them can be even richer.