Spotify

Undertoad · 04-06-2017, 07:23 PM

Spotify is 'seriously considering' going public in 2017, but there's a twist

There ya go - a non-traditional IPO

They announced 50 Million paying subscribers (and 50 M ad-supported users). Up from 30 M last year at this time, and more than twice Apple Music's number.

US music industry revenue is up 11% last year. No longer dying! And why?

You guessed it, streaming accounted for more than half of all industry revenues. At this point it is now the focus of the industry.

I mentioned ^ new record company deals. Here's the new deal with Universal. New releases will only be available for paying subscribers for two weeks. Good for Spotify because it pushes people into subscribing. Not good for Universal or its artists, but they haven't figured that out yet.

xoxoxoBruce · 04-06-2017, 11:39 PM

So they are bypassing an IPO and just putting shares on the Market? the details are behind a paywall.

04-06-2017, 11:39 PM	#2
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	So they are bypassing an IPO and just putting shares on the Market? the details are behind a paywall. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

04-06-2017, 07:23 PM	#1
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	Spotify is 'seriously considering' going public in 2017, but there's a twist There ya go - a non-traditional IPO They announced 50 Million paying subscribers (and 50 M ad-supported users). Up from 30 M last year at this time, and more than twice Apple Music's number. US music industry revenue is up 11% last year. No longer dying! And why? You guessed it, streaming accounted for more than half of all industry revenues. At this point it is now the focus of the industry. I mentioned ^ new record company deals. Here's the new deal with Universal. New releases will only be available for paying subscribers for two weeks. Good for Spotify because it pushes people into subscribing. Not good for Universal or its artists, but they haven't figured that out yet.

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