@4realz@lemmy.world to Technology@lemmy.worldEnglish • 11 months 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-square232fedilinkarrow-up1633cross-posted to: business@lemmy.world
arrow-up1633external-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.com@4realz@lemmy.world to Technology@lemmy.worldEnglish • 11 months agomessage-square232fedilinkcross-posted to: business@lemmy.world
minus-square@ashok36@lemmy.worldlinkfedilinkEnglish4•11 months agoServers and employees. Nothing else. Got it. No office space, no advertising, no royalties. What a genius business plan. No wonder they’re so successful.
minus-square@wolfshadowheart@slrpnk.netlinkfedilinkEnglish1•11 months agoThen I’m sure their executives would be happy to take a pay cut to make the business profitable.
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.
Then I’m sure their executives would be happy to take a pay cut to make the business profitable.