@4realz@lemmy.world to Technology@lemmy.worldEnglish • 2 years agoSpotify 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.comexternal-linkmessage-square231fedilinkarrow-up1630arrow-down10
arrow-up1630arrow-down1external-linkSpotify 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@4realz@lemmy.world to Technology@lemmy.worldEnglish • 2 years agomessage-square231fedilink
minus-square@ashok36@lemmy.worldlinkfedilinkEnglish4•2 years agoServers and employees. Nothing else. Got it. No office space, no advertising, no royalties. What a genius business plan. No wonder they’re so successful.
minus-square@wolfshadowheart@slrpnk.netlinkfedilinkEnglish1•2 years agoThen I’m sure their executives would be happy to take a pay cut to make the business profitable.
Servers and employees. Nothing else. Got it. No office space, no advertising, no royalties.
What a genius business plan. No wonder they’re so successful.
Then I’m sure their executives would be happy to take a pay cut to make the business profitable.