3 ms·
It's complicated. A lot of money exited from Spotify after its IPO. The rightsholders (Warner, UMG...) got an outsized return on that investment. Smooth it out
by doctorpangloss 3y ago
It's complicated. A lot of money exited from Spotify after its IPO. The rightsholders (Warner, UMG...) got an outsized return on that investment. Smooth it out since then and it looks like a more routine profit. I'm not sure if basic financials are an adequate format for a backcatalogue monetization business.