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.

• ky56@aussie.zone ⁨11⁩ ⁨months⁩ ago

  Pretty sure Spotify is more powerless than you think. The record labels nearly burned their industry to the ground in the 2000s over digital piracy.

  Netflix wouldn’t be around today if it wasn’t for their move into becoming their own movie studio thanks to just about every big Hollywood studio pulling out, arrogantly thinking that they can each run their own service for a bigger slice of the pie. Newsflash, it’s going really bad. Especially for Disney, who deserve everything coming to them.

  I reckon if Spotify makes even a small move to undermine the big record labels, they would yank all the popular music. Spotify either wouldn’t last long or best case they down size into a niche music platform.

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  • restingboredface@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

    it’s going really bad. Especially for Disney, who deserve everything coming to them. <

    I can’t like a statement hard enough. Amen.

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  • jonne@infosec.pub ⁨11⁩ ⁨months⁩ ago

    Hold on, what’s going to happen to Disney? I got the impression they’re really eating into Netflix’ market share. They basically own a huge chunk of the content most people care about.

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  • echoplex21@lemmy.world ⁨11⁩ ⁨months⁩ ago

    Basically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.

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    • chitak166@lemmy.world ⁨11⁩ ⁨months⁩ ago

      Moral of the story is people should stop lowering their standards so those richer than them can be even richer.

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