Like video streaming service Netflix, Spotify is finding itself held hostage to increasing licensing fees. Beyond supporting the independent music scene, more independent and original content will reduce Spotify’s dependence on the big record labels.Īs long as Spotify does not own the rights to the catolog of songs it streams, it must pay royalties to the music studios. As the music industry moves to a streaming model, is it a good time to invest in Spotify – the leading streamer of music and podcasts? Spotify’s goal is to develop the platform that will let one million artists live off their music.
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