Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists. Spotify now accounts for 20% of all recorded music revenue. Yet, only ~2% of Spotify artists earn more than $1k per year from streaming. As Sadie Dupuis, who’s accumulated 15m+ Spotify streams, told @The Hustle, “I don’t know any artists who feel their career has been made better by Spotify.”

Media

• The business rationale that led to Spotify’s moderation scandal by @The Hustle
• The Economics of Spotify by @The Hustle

References

1. Spotify, crunchbase.com

Contexts

• #unicorn