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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 Why Spotify Struggles to Make Money from Music Streaming

Despite being the king of music streaming, Spotify is struggling financially, but why?

Why Spotify Struggles to Make Money from Music Streaming
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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.

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