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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. (open.substack.com)
submitted 2 years ago by to c/technology@lemmy.world
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[+] -7 points 2 years ago

No, labels are shits. Spotify pays indie artists shit too though.

This is not a case of labels being greedy. This is a case of spotify being greedy and making a bad situation worse.

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