4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 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-square202fedilinkarrow-up1602arrow-down167
arrow-up1535arrow-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 · 11 months agomessage-square202fedilink
minus-squareEnderMB@lemmy.worldlinkfedilinkEnglisharrow-up2·11 months agoBut that’s practically true of any large tech company. It’s been conventional wisdom in the tech industry for over a decade that tech is cheap, people aren’t.
But that’s practically true of any large tech company. It’s been conventional wisdom in the tech industry for over a decade that tech is cheap, people aren’t.