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Spotify is not making a profit, it loses 4 billion euros while their competitors make a profit. e

Spicechinodiva

By Spicechinodiva
in Tech

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Spicechinodiva Master

Spicechinodiva

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Even with podcasts, etc.

 

Spotify keeps losing money, while Apple,  Amazon and Google YouTube music make a profit ad the streaming services are bundled like buy YouTube premium for no ads, get YouTube music premium as well.

 

Apple and Amazon has their music services in a bundle or exclusive deals with apple, etc..

Spotify is unfortunately losing money and they can't keep paying the royalties cos they have to pay 70% more than their own competition and only way can Spotify make a profit is if they owned the copyright or have exclusive albums, etc but the major label's have more control of Spotify then the industry discusses.

 

@Jordan Miller

@Slayer

 

 

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