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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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[-] alt_xa_23@lemmy.world 8 points 11 months ago

Epic sold it to a company called Songtradr, who shortly laid off a good chunk of the staff. They haven't done too much so far, but it could easily go south from here.

this post was submitted on 17 Dec 2023

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