4realz@lemmy.world to Technology@lemmy.worldEnglish · 2 years 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-square206linkfedilinkarrow-up1623arrow-down167
arrow-up1556arrow-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 · 2 years agomessage-square206linkfedilink
minus-squareecho64@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·2 years 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.