4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 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-square197fedilinkarrow-up1601arrow-down169
arrow-up1532arrow-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 · 11 months agomessage-square197fedilink
minus-squareashok36@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down2·11 months agoServers and employees. Nothing else. Got it. No office space, no advertising, no royalties. What a genius business plan. No wonder they’re so successful.
minus-squarewolfshadowheart@slrpnk.netlinkfedilinkEnglisharrow-up1arrow-down1·11 months agoThen I’m sure their executives would be happy to take a pay cut to make the business profitable.
Servers and employees. Nothing else. Got it. No office space, no advertising, no royalties.
What a genius business plan. No wonder they’re so successful.
Then I’m sure their executives would be happy to take a pay cut to make the business profitable.