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.

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4realz@lemmy.world ⁨10⁩ ⁨months⁩ ago

Spotify is definitely not the villain here, they have created the best music streaming platform in the world. The big publishers also can’t be called the villains per say, but it wasn’t so nice of them to force a small startup (Spotify in it’s early days) to sign contracts that will permanently force it to payout about $0.66 out of every $1 it makes.

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