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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 4realz@lemmy.world to c/technology@lemmy.world

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[–] homoludens@feddit.de 0 points 11 months ago* (last edited 11 months ago)

I mean, an oligopoly of three corporations is definitely a problem. So you could make an interesting article about that.

But instead they use terms like "rights holders" and "music suppliers" that mix up corporations and artists and everyone in between - while ignoring problems like "rights holders" not necessarily being the artists, ludicrous copyright laws (just because someone wrote a nice song 60 years ago does not mean "the rights holder" should still be able to profit off it) etc.

And they write bullshit like "For a company that has revolutionized the music industry". What did revolutionize the industry were technologies like MP3 and "the internet" in general, and Spotify did not invent that. They just were the first to get a business deal with the Big Three - I suspect because they offered them more favorable terms than other startups. If those terms don't allow them to make money, then maybe that's not a sustainable business model?