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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 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 16 points 9 months ago* (last edited 9 months ago) (3 children)

This is why I thought some of their recent actions that hurt the lowest played artists was strange, you want to encourage artists to NOT use the big publishers to help break their triopoly.

I think the most recent changes are fine in practice, but the optics are not great which probably matters a lot.

[–] [email protected] 5 points 9 months ago

Exactly, Spotify is stuck between pleasing artists and the big publishers.

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