this post was submitted on 17 Dec 2023
556 points (90.1% liked)

Technology

59656 readers
3192 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
556
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
232 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 4realz@lemmy.world -2 points 11 months ago (2 children)

Spotify is definitely not the villain here, they have created the best music streaming platform in the world. The big publishers also can't be called the villains per say, but it wasn't so nice of them to force a small startup (Spotify in it's early days) to sign contracts that will permanently force it to payout about $0.66 out of every $1 it makes.

[–] Carter@feddit.uk 1 points 11 months ago

The most popular musoc streaming service. Definitely not the best. They still don't offer lossless musoc streaming and their lossy files use an outdated encoder.

[–] echo64@lemmy.world 0 points 11 months ago

The "best music platform in the world" sure hates paying artists, tho. I know you are obsessed with labels, they pay indie artists fuck all too