What Spotify Going Public Means
When news spread last week that Spotify had filed papers to start selling its shares on the New York Stock exchange, listeners may very well have tuned out. Is there any phrase more antithetical to the rock’n’roll spirit than “initial public offering� But what happens to Spotify matters for the future of music, particularly at this turning point in the format wars. Streaming now makes up more than half of the industry’s revenues, and Spotify has more paying subscribers than any other streaming service. The 10-year-old Swedish company sets the pace. Details.
