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4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago

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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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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4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago
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Why Spotify Struggles to Make Money from Music Streaming
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Despite being the king of music streaming, Spotify is struggling financially, but why?
  • Sharkwellington@lemmy.one
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    1 year ago

    Nothing short of handing them cash in person is truly a guarantee. Really depressing how it’s turned out.

    • deranger@lemmy.world
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      1 year ago

      Bandcamp is a decent platform… for now

      • SatyrSack@lemmy.one
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        1 year ago

        Has anything really happened since they were acquired by Epic last year?

        • alt_xa_23@lemmy.world
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          1 year ago

          Epic sold it to a company called Songtradr, who shortly laid off a good chunk of the staff. They haven’t done too much so far, but it could easily go south from here.

      • thisisawayoflife@lemmy.world
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        1 year ago

        Faircamp might be a good avenue in the future.

    • lolcatnip@reddthat.com
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      1 year ago

      That’s not a guarantee either unless you know how much they spent getting in a position for you to hand them cash.

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