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A comment on Spotify Will End Service in Uruguay Due to Bill Requiring Fair Pay for Artists. Parent comment

Re:Spotify Will End Service in Uruguay Due to Bill Requiring... by scarface_74 on Thursday November 23, 2023 @10:54AM (#38394103)
Supposedly. They have never made a profit.

Heck even if they did raise prices, the record labels will always get 70% of thier revenue.

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Re:Spotify Will End Service in Uruguay Due to Bill Requiring... by smugma on Thursday November 23, 2023 @11:30AM (#38394506)
*They were profitable last quarter.

They’ve never made an annual profit.

Spotify is reluctant to raise prices because it is still focused on growth and also, raising prices doesn’t really improve its margins (it has 75% COGS).

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