4realz@lemmy.world to Technology@lemmy.worldEnglish · 7 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-square200fedilinkarrow-up1525arrow-down157
arrow-up1468arrow-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 · 7 months agomessage-square200fedilink
minus-squareBleeping Lobster@lemmy.worldlinkfedilinkEnglisharrow-up2·edit-27 months agoSpotify iirc pays $0.003 per stream, so for 80m streams he’s got $24,000. If he’s got less than that then he should be directing ire at his label or publisher.
minus-squarescottywh@lemmy.worldlinkfedilinkEnglisharrow-up3·7 months agoYour math is correct. Weird Al was exaggerating to make a joke and a point.
Spotify iirc pays $0.003 per stream, so for 80m streams he’s got $24,000.
If he’s got less than that then he should be directing ire at his label or publisher.
Your math is correct.
Weird Al was exaggerating to make a joke and a point.