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 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 64 points 10 months ago (2 children)

removed the need for.mp3s

Im not sure this was a win

[–] [email protected] 26 points 10 months ago (1 children)

It didn't buy the format and then cancelled it, it did it purely by providing a more convenient way of listening to music than downloading mp3s, so yes, it's a win

[–] [email protected] 13 points 10 months ago (1 children)

I personally think mp3's are more convinient. I don't have to use multiple subscriptions to access to platforms exclusivities , i don't need to worry about songs becoming unavailable. I have a big playlist on spotify with a lot of grayed out songs. Also, local music players are a lot better than any streaming service player.

[–] [email protected] 5 points 10 months ago

Yeah, people often forget about the gray ones, even on yt music my music playlist that works fine on the video app, has some songs greyed out when I tried to listen to it inside yt music.

[–] [email protected] 0 points 10 months ago

Also it hasn't, because having your actual collection on a streaming service is leagues less convenient than a bunch of mp3s on a hard drive.