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Has Spotify answered its royalty problem?

Reuters 

By Subrat Patnaik(Reuters) - In its much-anticipated filing to go public last month, Spotify revealed revenue growth was outpacing costs, suggesting the music streaming service was striking deals with the music industry that defeat the central tension in its business model.Spotify launched in 2008 and is now available in more than 60 countries, but a big question mark over its model remains whether it can find enough subscribers and other revenue to pay for the mountain of royalty fees to record labels and artists.The filing by the Sweden-based firm for a direct listing as SPOT on the New ...

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First Published: Tue, March 13 2018. 01:06 IST
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