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-squareecho64@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·11 months agoservers and traffic are basically free, it’s very low cost - their expenses are salaries not servers.
servers and traffic are basically free, it’s very low cost - their expenses are salaries not servers.