This is huge news – and it’s been a long time coming.
WHY INGESTING 100,000 TRACKS A DAY MAY NOT PROVE SUSTAINABLE FOR SPOTIFY’S BUSINESS IN THE LONG-TERM.
MBW Reacts is a series of comment pieces from the MBW team. They are our ‘quick take’ reactions – through a music biz lens – to major recent entertainment news stories.
GOLDMAN SACHS: UNIVERSAL IS WORTH OVER $50BN, AND GLOBAL MUSIC STREAMING REVENUES WILL RISE $3BN THIS YEAR
The MBW Review is where we aim our microscope towards some of the music biz’s biggest recent goings-on. This time, we leaf through Goldman Sachs‘ latest must-read report about the music industry.
SPOTIFY, WORTH $67BN, HAS SEEN ITS SHARE PRICE TRIPLE IN 10 MONTHS. SHOULD DANIEL EK PAY ARTISTS A ‘BONUS’ TO SAY THANK YOU?
Spotify’s share price hit an all-time high on Friday (January 8), rising 7% at the bell on the New York Stock Exchange to end the day at $353.11.