this post was submitted on 07 Sep 2023
552 points (97.3% liked)
Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
55072 readers
447 users here now
⚓ Dedicated to the discussion of digital piracy, including ethical problems and legal advancements.
Rules • Full Version
1. Posts must be related to the discussion of digital piracy
2. Don't request invites, trade, sell, or self-promote
3. Don't request or link to specific pirated titles, including DMs
4. Don't submit low-quality posts, be entitled, or harass others
Loot, Pillage, & Plunder
📜 c/Piracy Wiki (Community Edition):
💰 Please help cover server costs.
 |
 |
|---|---|
| Ko-fi | Liberapay |
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Spotify is not profitable right now; their current revenue doesn't come anywhere close to covering their costs. The only reason they're able to survive is investors holding on to the belief that, some day, it'll be possible to actually make the numbers work.
The majority of their investors are record labels now, so there's also an incentive to prevent competing streamers from taking Spotify's position