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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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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