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 11 months ago by [email protected] to c/[email protected]
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[–] [email protected] 29 points 11 months ago (4 children)

I actually work in cloud engineering and regularly price this kind of thing up.

Their costs are salaries not aws bills.

[–] [email protected] 2 points 11 months ago (3 children)

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.

[–] [email protected] 1 points 11 months ago (2 children)

Yes. Spotify needs to figure out their burn rate for their salaries because taking more money away from artists isn't the solution like op wants.

[–] [email protected] 2 points 11 months ago (1 children)

But taking money away from employees is?

[–] [email protected] 1 points 11 months ago

No one is saying pay employees less. Spotify needs to figure out how to make its business work. That's for sporify to figure out. If you think Spotify deserve more of the pie when they contribute... a download server, vs. the artists who do all the actual work, then you can honestly just fuck off. We live on totally different sides of the conversation, you want to shill for big tech, I want the artists that make the music to get paid.