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The truth is that Daniel Ek met the major 4/5 labels at the same time and showed them their (at the time pirate) software. They said - yes - if we can own 75-80
by jamesblonde 12y ago
The truth is that Daniel Ek met the major 4/5 labels at the same time and showed them their (at the time pirate) software. They said - yes - if we can own 75-80% of you. The truth is that the major labels own about 80% of Spotify between them - it wasn't the RIAA.
- caractacus 12y agoNo, the record companies own about 20% of Spotify. The rest is VC and founder owned.