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Why would Spotify need $1B? Is most of this money used to license content?
by jsprogrammer 11y ago
Why would Spotify need $1B? Is most of this money used to license content?
- adzm 11y ago> ... [out of] €1.08bn of revenues, €882.5m (£636m) was spent on royalties and distribution costs. http://www.theguardian.com/technology/2015/may/11/spotify-financial-results-streaming-music-profitable http://www.theguardian.com/technology/2015/may/11/spotify-fi...
- jsprogrammer 11y agoAre they prepaying the royalties? Or subsidising?