2 ms·

re:their numbers, Spotify's valuation is closer to $1bn. But wired implies the labels got ownership in exchange for advances on future royalties: http://www.wir

by des 17y ago

re:their numbers, Spotify's valuation is closer to $1bn. But wired implies the labels got ownership in exchange for advances on future royalties: http://www.wired.com/epicenter/2009/08/ka-shing-spotify-investors-include-chinese-billionaire http://www.wired.com/epicenter/2009/08/ka-shing-spotify-inve... And I can't find a primary source, but the consensus seems to be that Sony paid 30,000 kroner in cash for their share of Spotify, which jibes with the figures in the OP: http://www.p2pnet.net/story/26736 http://www.p2pnet.net/story/26736

ahlatimer 17y ago
So it seems that the record labels are more to blame for the low amount that artists are making, which isn't particularly surprising. If the labels did get some amount of ownership for advances on future royalties, the artist would be making significantly less due to the labels not collecting said royalties.