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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[–] ribboo@lemm.ee 2 points 1 year ago (2 children)

I can take your word for it, or I can consider the fact that basically every major company in the world does it. Somehow I don’t think it’s totally useless.

[–] Arcka@midwest.social 1 points 1 year ago

Yeah, that dude's take reads just like climate science denial and flat earth conspiracies.

[–] frezik@midwest.social -1 points 1 year ago

People who are good at marketing have convinced people with money to do it, yes.