Not really. Spotify is partly owned by the labels[0], so you have to think of it like Hollywood accounting. It makes sense for them never to make a profit, beca

Not really. Spotify is partly owned by the labels[0], so you have to think of it like Hollywood accounting. It makes sense for them never to make a profit, because as long as they let the labels extract money from them in terms of licensing, they fulfill their purpose. It's like how so many blockbuster movies make a "loss" on paper to avoid paying taxes on their revenues which they end up distributing to all the people who are involved with the movie. [0] http://www.swedishwire.com/jobs/680-record-labels-part-owner-of-spotify http://www.swedishwire.com/jobs/680-record-labels-part-owner...