this post was submitted on 17 Dec 2023
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Technology

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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 9 months ago by 4realz@lemmy.world to c/technology@lemmy.world
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[–] echo64@lemmy.world -1 points 9 months ago

Now, artists that are independent can make money and get listeners much more easily. This is directly thanks to Spotify and the like

You need to speak to an independent artist sometime about how they make money so easily thanks to spotify. (Spoiler, they don't. At all. And they can't sell physical anymore because of spotify)