Spotify Relies On The Big Labels For Most Of Its Music. It Thinks That Will Change.

from recode Spotify is 12 years old and has never been profitable. Last year, it posted an operating loss of $461 million. Today, as it goes public, it wants investors to value it at something above $20 billion. In order to believe that’s a good idea, you have to believe that Spotify has figured out a way to improve its margins, which it says it will do. And in order to believe that, you have to believe that Spotify has figured out how to change the way it works with its most crucial partners: The big music labels. Spotify hasn’t […]

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