4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year agoSpotify 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.comexternal-linkmessage-square208fedilinkarrow-up1587arrow-down161
arrow-up1526arrow-down1external-linkSpotify 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.com4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year agomessage-square208fedilink
minus-squareecho64@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·1 year agoservers and traffic are basically free, it’s very low cost - their expenses are salaries not servers.
servers and traffic are basically free, it’s very low cost - their expenses are salaries not servers.