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@4realz@lemmy.world to Technology@lemmy.worldEnglish • 1 year 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.

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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

@4realz@lemmy.world to Technology@lemmy.worldEnglish • 1 year ago
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Why Spotify Struggles to Make Money from Music Streaming
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Despite being the king of music streaming, Spotify is struggling financially, but why?
  • @1371113@lemmy.world
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    -8•1 year ago

    When’s the last time you heard of anyone buying an individual song / album on iTunes?

    I’m yet to hear a first time, and I remember when mp3s first became a thing.

    • @Jtotheb@lemmy.world
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      21•1 year ago

      You’ve never heard of someone buying music on iTunes?

      • @1371113@lemmy.world
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        1•1 year ago

        Genuinely, never. It wasn’t that popular in my country.

    • @small44@lemmy.world
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      7•
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      1 year ago

      I hear people buying music from Bandcamp everyday

    • @blazeknave@lemmy.world
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      -2•1 year ago

      Yarrrrrr

      • @joel_feila@lemmy.world
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        2•1 year ago

        This is the way

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