Understand 2x, I was also looking across all the jobs at spotify. There are some that go as low as 70k salary, a majority seem to be 170k+. It was just for ease of calculation. even if we take 500k that's still 0.033% of revenue -_-
You aren't using percentages correctly, I think you mean 3.3% (and 1% in your original comment). Also, as pointed elsewhere, revenue is not really relevant, majority of that cash flows directly to artists/labels.
Again, revenue is not really all that relevant for this kind of business. They’re a low margin business because they must pay huge bills to record labels. R&D doesn’t cut record label costs.
DeRock|3 years ago
thehappypm|3 years ago
pc86|3 years ago
If you're burning $40M a year, and you press a button to save $90M a year, yes your label costs are the same but how are you not now at +$50M a year?