Technology

60071 readers

3571 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS

[email protected]

554

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 1 year ago by [email protected] to c/[email protected]

233 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 1 year ago (1 children)

Because apparently these servers cost enough that even with 400mil users they aren't making profit? The point of Spotify is giving paying customers what they want so that hopefully Spotify can make a profit. Unsure why that's so unacceptable for you? And small artists have been paid like shit long before Spotify was an idea. Take that up with the actual music industry. Or maybe accept that turning your hobby (making music) into a job just doesn't pay the bills for everybody that tries. I have no idea how you can blame Spotify for payouts bigger than on YouTube or Twitch when it's the music industry fucking with the numbers.

[–] [email protected] 1 points 1 year ago

Many of their executives make over $300,000 and the CEO is a billionaire. I don't know how you can't blame Spotify for payouts.