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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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[-] EnderMB@lemmy.world 2 points 11 months ago

But that's practically true of any large tech company. It's been conventional wisdom in the tech industry for over a decade that tech is cheap, people aren't.

[-] echo64@lemmy.world 1 points 11 months ago

Yes. Spotify needs to figure out their burn rate for their salaries because taking more money away from artists isn't the solution like op wants.

this post was submitted on 17 Dec 2023

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