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 1 year ago by 4realz@lemmy.world to c/technology@lemmy.world
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[–] squidman64@lemmy.world 42 points 1 year ago (2 children)

Apple Music the music subscription service is different from iTunes the music purchasing store. When’s the last time you heard of anyone buying an individual song / album on iTunes?

[–] olmec@lemm.ee 3 points 1 year ago

I still buy music on iTunes. I prefer having my collection available on CD, but if I only want a single track or two, I just go to iTunes and buy the songs. This year, I think I bought 4 songs. It isn't ton, but it is still in my mind.