this post was submitted on 17 Dec 2023
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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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[โ€“] [email protected] 18 points 11 months ago (1 children)

When I see the CEO begging in the street, I'll be sure to drop them a quarter.