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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?
  • @small44@lemmy.world
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    18•1 year ago

    Some artists that people like may never come to their city

    • @Kecessa@sh.itjust.works
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      9•
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      1 year ago

      Buy merch

      • @small44@lemmy.world
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        2•1 year ago

        It’s rare for me to find merch worth buying, I prefer buying the music.

        • @Kecessa@sh.itjust.works
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          3•1 year ago

          Maybe buying it directly from their website might be the better option in this case? 🤔

          • @small44@lemmy.world
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            2•1 year ago

            It’s about the effort artists make for merch, I don’t want to buy a t-shirt with a simplistic design or just a sentence on it

            • @Kecessa@sh.itjust.works
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              2•1 year ago

              I meant buying the CD/music on their website

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