Business Music Industry News

"The Brutal Business of Spotify: Dominating Audio Streaming Without Profits"

Spotify's attempts to expand beyond music streaming have largely failed, highlighting the challenges of the music subscription business where costs scale with success. Despite this, the company's stock has been on the rise, and it remains a major player in the industry. Its success is crucial for big music labels, which rely on Spotify to attract paying customers, creating a co-dependent relationship.