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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Alexstarfire@lemmy.world ⁨11⁩ ⁨months⁩ ago

Ehh, you’ve got a different but similar problem these days. Before, it was hard to get the word out so even finding new bands was difficult. Now, there are so many artists that you’ve got to find a way to stand out. Still need marketing. That’s what labels provide.

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