4realz@lemmy.world to Technology@lemmy.worldEnglish · 9 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-square229fedilinkarrow-up1616arrow-down169cross-posted to: business@lemmy.world
arrow-up1547arrow-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 · 9 months agomessage-square229fedilinkcross-posted to: business@lemmy.world
minus-squarewolfshadowheart@slrpnk.netlinkfedilinkEnglisharrow-up5arrow-down6·9 months agoI didn’t mention servers because that is their only cost next to employees. If they aren’t paying artists well, well what’s the point of having servers. Maybe can we not pretend like Spotify is some up and coming startup that barely breaks even because of their benevolence?
minus-squareashok36@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down2·9 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-squarewolfshadowheart@slrpnk.netlinkfedilinkEnglisharrow-up1arrow-down1·9 months agoThen I’m sure their executives would be happy to take a pay cut to make the business profitable.
I didn’t mention servers because that is their only cost next to employees.
If they aren’t paying artists well, well what’s the point of having servers.
Maybe can we not pretend like Spotify is some up and coming startup that barely breaks even because of their benevolence?
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.