They have 10000 employees. No, I don’t understand why, either. They take the vast majority of the cut. They pay somewhere between $0.002 and 0.005 a stream. So if you stream your favourite song 500 times, your favourite artist might get a penny depending on label cut.
this is a really helpful place to talk about how profits != revenue.
So after spotify pays itself all the money it might want to take from subscriptions and ad revenue, you are left with the “profits” which now get split 30% in favour of spotify.
They have 10000 employees. No, I don’t understand why, either. They take the vast majority of the cut. They pay somewhere between $0.002 and 0.005 a stream. So if you stream your favourite song 500 times, your favourite artist might get a penny depending on label cut.
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this is a really helpful place to talk about how profits != revenue.
So after spotify pays itself all the money it might want to take from subscriptions and ad revenue, you are left with the “profits” which now get split 30% in favour of spotify.
deleted by creator