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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 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 11 months 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.

[–] [email protected] 1 points 11 months ago

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

[–] [email protected] -1 points 11 months ago

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