4realz@lemmy.world to Technology@lemmy.worldEnglish · 10 months agoSpotify 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.comexternal-linkmessage-square242fedilinkarrow-up1640arrow-down170cross-posted to: business@lemmy.world
arrow-up1570arrow-down1external-linkSpotify 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.com4realz@lemmy.world to Technology@lemmy.worldEnglish · 10 months agomessage-square242fedilinkcross-posted to: business@lemmy.world
minus-squarezzz711linkfedilinkEnglisharrow-up1·10 months agoEpic sold them a few months back and then the company that acquired them almost immediately laid a bunch of people off
Epic sold them a few months back and then the company that acquired them almost immediately laid a bunch of people off