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The economics of the music industry were always heavily tilted to the record labels, but Spotify somehow took it even further. Their CEO is a billionnaire for w
by rchaud 2y ago
The economics of the music industry were always heavily tilted to the record labels, but Spotify somehow took it even further. Their CEO is a billionnaire for what? Being an unprofitable middle-man that pays $1 to the labels for every $0.80 they get?
- piva00 2y agoIt pays US$0.70 for every US$1 it gets, it's in their financial reports quite easily to see.