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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)

submitted 6 months ago by 4realz@lemmy.world to c/technology@lemmy.world

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[-] StinkyRedMan@lemmy.world 35 points 6 months ago

You know they don't pay the artist directly? Like with physical the ones taking the biggest share are the labels... Also the average musician isn't making shit cause compared to a very few bigger artists they represent an extremely low percentage of the overall streams on the platform.

this post was submitted on 17 Dec 2023

551 points (90.1% liked)

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