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.
phillaholic @ phillaholic @lemm.ee Posts 1Comments 1,250Joined 2 yr. ago

phillaholic @ phillaholic @lemm.ee
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I don’t agree with that at all. I’ve started listening to 10x more small artists via Spotify than I ever had through any other medium. They’ll never be on the radio or anything like that. Spotify has recommended these artists based on what I listen to, I haven’t sought them out.
I don’t believe radio pays artists anything do they?