this post was submitted on 17 Dec 2023
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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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[โ€“] NaoPb@eviltoast.org 5 points 11 months ago (1 children)

Yeah it's all the fault of the rightsholders. Definitely not bad management.

Not that I'm a fan of rightsholders but this is more like shifting the blame.

[โ€“] where_am_i@sh.itjust.works 1 points 11 months ago

400m subs x 100$ a year on avg = 40 billions in revenue. Even if only 25% e.g. 10 bil is retained by Spotify it's a lot of money to maintain infra and pay stuff.