Spotify has indeed lost billions of dollars over the years, a streak that continued in 2021: For the full year, the company booked net losses of $38.8 million on $11 billion in revenue, according to its latest earnings report released yesterday.Īnd there’s a big reason why Spotify isn’t generating profits: The price of music subscriptions hasn’t changed in 20 years.

Some have even argued that the deck is fundamentally stacked against the streaming media industry, and that music subscription services can never be profitable.

Music services have long struggled to pay those huge royalty checks their contracts with the music rights holders are calling for. Here’s another explanation: Spotify is in bed with Joe Rogan because streaming music is too damn cheap.

Depending on who you ask, the whole controversy is about a company putting profits over public health, the difficulty of doing content moderation at scale or the demise of RSS. There’s been a lot of finger-pointing ever since Neil Young removed his music from Spotify last week to protest the company’s exclusive podcast distribution deal with Joe Rogan. Why you can blame the price of music for Joe Rogan

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