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4realz@lemmy.world to Business@lemmy.worldEnglish · 1 year ago

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.

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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

4realz@lemmy.world to Business@lemmy.worldEnglish · 1 year ago
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  • cross-posted to:
  • technology@lemmy.world
Spotify doesn't make profit from music streaming, despite having over 400M monthly active users.
open.substack.com
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Despite being the king of music streaming, Spotify is struggling financially, but why?
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