this post was submitted on 17 Dec 2023

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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 4realz@lemmy.world to c/technology@lemmy.world

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[–] nihth@programming.dev 1 point 2 years ago (1 child)

It's not needed, but for some reason artists keep signing, so there is probably something they provide that makes it worth it

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[–] Plopp@lemmy.world 2 points 2 years ago

It's because it's the only game in town.

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