Comment on 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.

Fake4000@lemmy.world ⁨11⁩ ⁨months⁩ ago

• Albbi@lemmy.ca ⁨11⁩ ⁨months⁩ ago

  My Spotify wrapped had a special message from Weird Al (I know, I have great taste!) with the following:

  “It’s my understanding that I had over 80 million streams on Spotify this year. So if I’m doing the math right, that means I earned $12, so, you know, enough to get myself a nice sandwich at a restaurant. So from the bottom of my heart, thanks for your support. And, uh, thanks for the sandwich.”

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  • Transcendant@lemmy.world ⁨11⁩ ⁨months⁩ ago

    Spotify iirc pays $0.003 per stream, so for 80m streams he’s got $24,000.

    source

    • scottywh@lemmy.world ⁨11⁩ ⁨months⁩ ago

      Your math is correct.

      Weird Al was exaggerating to make a joke and a point.

      source