ht to @[email protected]
this post was submitted on 30 Oct 2023
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Yeah, from what I can find their operating profit was in the negatives every year.
Not sure how much of their costs go to the label vs. Server and employee costs, though. It's possible they take more of a cut than retail stores do regardless. Bandwidth isn't cheap, and software devs aren't cheap either.
In any case, the artist sees very little of that money.