this post was submitted on 17 Dec 2023
556 points (90.1% liked)

Technology

60076 readers
3269 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
556
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 1 year ago by [email protected] to c/[email protected]
232 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

Spotify takes 30 %, too. The 'one third' in the headline is just rounding.

And the question should be if digital markets and platforms should take 30 % or not. Because every platform does so from Steam to Apple App Store to Spotify.

Besides that Spotify offers more than Steam imho. Playlist creation, discovery algorithms, individualized playlist generation, AI DJs and if you consider Steam to also be a social platform, Spotify is too.

[โ€“] [email protected] 0 points 1 year ago

the actual article we are commenting under thinks its outrageous that Spotify only gets 30% and things artists should get less. so it's not "should they take 30% or not", the question posed is "why are the greedy labels not letting spotify take even more" for some reason, madness