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Spotify may be somewhat insulated, since the major labels now have a large ownership stake in it. OTOH, I suspect Spotify will jack its prices up over time as t
by KingMob 11y ago
Spotify may be somewhat insulated, since the major labels now have a large ownership stake in it. OTOH, I suspect Spotify will jack its prices up over time as the labels tighten the screws.
- prostoalex 11y agoIt's not like labels pushed one another with sharp elbows in order to get into that financing round. Spotify needed licenses, they had very little cash, they did not have statutory rates like Pandora, so giving up equity upfront with a promise of later payments was the reasonable terms they've arrived at.