Today we’re starting an entirely new chapter for our audiobooks offering by making more than 150,000 audiobooks available as part of Spotify Premium subscriptions.
It’s understandable why they are doing this. Apparently the company has never ever made any profits, and since the main 3 record labels are demanding 70% of the revenue from Spotify, they can’t do anything to change that revenue split to 50-50 instead as an example.
It’s understandable why they are doing this. Apparently the company has never ever made any profits, and since the main 3 record labels are demanding 70% of the revenue from Spotify, they can’t do anything to change that revenue split to 50-50 instead as an example.