No. The actual meat is mentioned once, and then completely dismissed as irrelevant and inconsequential: --- start quote --- In reality, Spotify was subject to

No. The actual meat is mentioned once, and then completely dismissed as irrelevant and inconsequential: --- start quote --- In reality, Spotify was subject to the outsized influence of the major-label oligopoly of Sony, Universal, and Warner, which together owned a 17 percent stake in the company when it launched. The companies, which controlled roughly 70 percent of the market for recorded music, held considerable negotiating power from the start. But while Ek’s company was paying labels and publishers a lot of money—some 70 percent of its revenue—it had yet to turn a profit itself, something shareholders would soon demand. In theory, Spotify had any number of options: raising subscription rates, cutting costs by downsizing operations, or finding ways to attract new subscribers. --- start quote --- This is what so infuriating about all these articles: they never ever address the actual problems in the music industry