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.
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 Why Spotify Struggles to Make Money from Music Streaming
Despite being the king of music streaming, Spotify is struggling financially, but why?
You're viewing a single thread.
208
comments
I mostly listen to smaller bands and buy their stuff on Bandcamp. It sucks that Bandcamp was sold (twice now) and will probably go down the shitter, but that seemed like a more sustainable model. Also buying music is nicer than renting it for me.
Team Bandcamp as well. I'll be sad if it degrades. My hope is it survives long enough to be discovered by everyone as they get sick of the shit music streams on Spotify, Pandora and their ilk
You've viewed 208 comments.