echoplex21@lemmy.worldtoTechnology@lemmy.world•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.English
4·
1 year agoBasically the moral of the story is that Spotify should have followed in their footsteps and become their own record company.
I didn’t care much for the logo change as it’s not really a big deal. What got me to cancel was them adding ANOTHER tier for 4K and then said “no we didn’t have any fee hikes” yet they removed it from the existing plan.