this post was submitted on 17 Dec 2023
554 points (90.1% liked)

Technology

60071 readers
3589 users here now

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

Our Rules

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

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[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
[โ€“] [email protected] 15 points 1 year ago (1 children)

Profit can be distorted based on how much you're paying your employees.

In this case royalties paid out to imaginary property holders means spotify is functioning exactly how it should. Those people are profiting, spotify's employees are being paid. Everyone directly involved has more money than they need.

[โ€“] [email protected] 6 points 1 year ago

except tht artists, which is more the fault of the rights holders in this case really...