Technology

59347 readers

5226 users here now

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

Our Rules

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

Approved Bots

founded 1 year ago

MODERATORS

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

[–] wolfshadowheart@slrpnk.net -1 points 11 months ago (2 children)

I didn't mention servers because that is their only cost next to employees.

If they aren't paying artists well, well what's the point of having servers.

Maybe can we not pretend like Spotify is some up and coming startup that barely breaks even because of their benevolence?

[–] Rendh@lemmy.world 3 points 11 months ago (1 children)

Because apparently these servers cost enough that even with 400mil users they aren't making profit? The point of Spotify is giving paying customers what they want so that hopefully Spotify can make a profit. Unsure why that's so unacceptable for you? And small artists have been paid like shit long before Spotify was an idea. Take that up with the actual music industry. Or maybe accept that turning your hobby (making music) into a job just doesn't pay the bills for everybody that tries. I have no idea how you can blame Spotify for payouts bigger than on YouTube or Twitch when it's the music industry fucking with the numbers.

[–] wolfshadowheart@slrpnk.net 1 points 11 months ago

Many of their executives make over $300,000 and the CEO is a billionaire. I don't know how you can't blame Spotify for payouts.

[–] ashok36@lemmy.world 2 points 11 months ago (1 children)

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.

[–] wolfshadowheart@slrpnk.net 0 points 11 months ago

Then I'm sure their executives would be happy to take a pay cut to make the business profitable.