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The record companies were early investors. As I understand it, Spotify gave the big record companies pre-IPO stock in exchange for putting their catalogs on the
by criddell 4y ago
The record companies were early investors. As I understand it, Spotify gave the big record companies pre-IPO stock in exchange for putting their catalogs on the service.
- lotsofpulp 4y agoThat makes sense. I can see record companies wanting Spotify to exist just to have an additional customer to help negotiate with Apple/Amazon/Google.