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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 4realz@lemmy.world to c/technology@lemmy.world

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[-] Nighed@sffa.community 16 points 10 months ago* (last edited 10 months ago)

This is why I thought some of their recent actions that hurt the lowest played artists was strange, you want to encourage artists to NOT use the big publishers to help break their triopoly.

I think the most recent changes are fine in practice, but the optics are not great which probably matters a lot.

[-] 4realz@lemmy.world 4 points 10 months ago

Exactly, Spotify is stuck between pleasing artists and the big publishers.

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this post was submitted on 17 Dec 2023

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