this post was submitted on 17 Dec 2023
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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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[โ€“] Transcendant@lemmy.world 3 points 11 months ago* (last edited 11 months ago) (1 children)

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.

[โ€“] scottywh@lemmy.world 4 points 11 months ago

Your math is correct.

Weird Al was exaggerating to make a joke and a point.