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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ashok36@lemmy.world ⁨11⁩ ⁨months⁩ ago

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.

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