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GasLightStreet
Speaking of industry incestuousness, I suggest you read more about Tencent’s 9.1 percent stakeholding in Spotify, which is awe-inspiring in its spider’s web of vested interests. The short version: Tencent Holdings is about to own 10 percent of Universal, which in turns owns around 3.5 percent in Spotify, which in turn owns around nine percent in Tencent Music Entertainment, which in turn is part-owned by Universal’s two main rivals (Warner and Sony), but remains majority owned by Tencent Holdings, which in turn owns 9.1 percent of Spotify. (And, yes, no kidding, that’s the short version.)
Do that many people pay money for Spotify for these figures, "$550 million (for 2.3 percent) and $1.75 billion (for 7.3 percent), based on a median annual Spotify market cap of $23.95 billion.", to be real?
That's absurd. People don't want to buy music anymore, they want to lease it, and apparently there is a ton of money in leasing music.
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GasLightStreet
People don't want to buy music anymore, they want to lease it, and apparently there is a ton of money in leasing music.
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WelshEdge1Quote
GasLightStreet
Speaking of industry incestuousness, I suggest you read more about Tencent’s 9.1 percent stakeholding in Spotify, which is awe-inspiring in its spider’s web of vested interests. The short version: Tencent Holdings is about to own 10 percent of Universal, which in turns owns around 3.5 percent in Spotify, which in turn owns around nine percent in Tencent Music Entertainment, which in turn is part-owned by Universal’s two main rivals (Warner and Sony), but remains majority owned by Tencent Holdings, which in turn owns 9.1 percent of Spotify. (And, yes, no kidding, that’s the short version.)
Do that many people pay money for Spotify for these figures, "$550 million (for 2.3 percent) and $1.75 billion (for 7.3 percent), based on a median annual Spotify market cap of $23.95 billion.", to be real?
That's absurd. People don't want to buy music anymore, they want to lease it, and apparently there is a ton of money in leasing music.
89% of people listen to music through streaming.
It is convenient and people are able to listen to a wider variety of music. I like streaming although the amount paid to artists sucks.
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KoenQuote
GasLightStreet
People don't want to buy music anymore, they want to lease it, and apparently there is a ton of money in leasing music.
Unfortunately not for the artists.