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But if they cut down spending 10-15% they could be profitable.
by rokhayakebe 11y ago
But if they cut down spending 10-15% they could be profitable.
- kgwgk 11y agoAccording to the Guardian article cited in another comment, it seems that they spent roughly 880mn in royalties, 180mn in personnel and 180mn in other costs. If royalties are what they are, they would have to cut 160mn in the 360mn personnel & other sections (45%) to be profitable. (I'm talking about 2014 results here, the numbers are probably different now). Edit: actually, according to the article, the 880mn correspond to "royalties & distribution". There is more info about these numbers at http://www.musicbusinessworldwide.com/how-can-spotify-become-profitable/ http://www.musicbusinessworldwide.com/how-can-spotify-become...