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.

@4realz@lemmy.world · 1 year ago

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.

@czech@low.faux.moe · 1 year ago

To be fair- Spotify priced the service that doesn’t make enough profit to pay artists adequately.

@4realz@lemmy.world · 1 year ago

Like the article explains, they can’t price their services too expensively, because of competition. If Spotify becomes $25/month, most users will move to Apple Music or YouTube Music, etc.

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.

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.

Why Spotify Struggles to Make Money from Music Streaming