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

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[–] [email protected] 6 points 10 months ago (1 children)

Spotify literally changed the way people listen to music by being popular enough that the general way of listening changed from a purchase, listen forever model. To a listen to anything you want and never not have anything new, way of listening (but you don't own anything).

A song is no longer worth a purchase of a cd, or dollar at itunes. It's worth the 3 minutes of listening that it gives you when Spotify recommends it to you.

Obviously I'm biased. And also, yes, there were streaming services before Spotify, but nobody that mattered and with the influence of Spotify.

[–] [email protected] 0 points 10 months ago

Hmm... fair point.

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