Spotify Goes Public Valued at Nearly $30 Billion – But Its Future Isn’t Guaranteed

April 5, 2018

Spotify brings in almost $5 billion a year, but it pays out 79 percent of that to record labels, producers, songwriters and artists. David Pakman, a venture capitalist who has run several digital music companies including eMusic and Apple’s Music Group, says there’s just not enough left over to make a profit.

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