this post was submitted on 17 Dec 2023
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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 10 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 168 points 10 months ago (18 children)

I call bullshit. Yeah I'm sure they spend 2/3 of their income on rights holders, mainly Joe Rogan, Ed Sheeran and Taylor Swift.

The average musician isn't making shit, and yet the spotify execs are sipping champagne.

[โ€“] [email protected] 37 points 10 months ago

"not making profits"

Just massive salaries and equity

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