this post was submitted on 09 Feb 2024
612 points (97.2% liked)
Fediverse
28444 readers
569 users here now
A community to talk about the Fediverse and all it's related services using ActivityPub (Mastodon, Lemmy, KBin, etc).
If you wanted to get help with moderating your own community then head over to !moderators@lemmy.world!
Rules
- Posts must be on topic.
- Be respectful of others.
- Cite the sources used for graphs and other statistics.
- Follow the general Lemmy.world rules.
Learn more at these websites: Join The Fediverse Wiki, Fediverse.info, Wikipedia Page, The Federation Info (Stats), FediDB (Stats), Sub Rehab (Reddit Migration), Search Lemmy
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Because they don't have a perfectly fine business model. They get squeezed hard by both the oligarchs of music publishing UMG, Sony Warner who negotiate the price for the music. And from the other side by the tech giants google and apple who can cross service subsidize their own streaming.There exists essentially no space for them to make any profit in streaming music. So they have to go other places.
The only reason they'll probably exist for the foreseeable future is because the rights holders are able to use Spotify to have more negotiating power against Google and apple.