A new article in The Hollywood Reporter anticipates the speed bumps ahead for Spotify, as the streaming powerhouse continues its rapid growth. Although its subscription growth ranks better than Netflix’s did at the same point in its development, Spotify is currently dealing with a $1.6 billion lawsuit over song rights. Spotify now spends 70 percent of its revenue on royalty payouts, a number which could rise given the lawsuit and renegotiations. All of this will determine the fate of Spotify’s IPO, which is currently being hastily planned out. As of right now, Spotify is a bit of a wild card for investors, one with its fair share of leaks but incredible potential.
More Like This
From bleeding-edge menswear and wellness reportage to dining, dating, culture critique and beyond, all brought to you in their respective fields. Choose your favorites and sign up now.
