How can a giant like Spotify just keep losing money, yet increase its user base every year? Is it just FUD?"No matter how many subscribers they add, the company will never enjoy the fat profits of other tech firms. Right now, the streaming service have yet to make any money and, if they ever do, it’s a safe bet the music industry will find a way to claw it back in the form of higher royalties. It’s much like the baker being totally beholden to a flour supplier that raises its prices every time donuts are on the verge of being profitable"( Fortune.com by Jeff John Roberts). What is going on with Spotify? It apparently doesn't matter how many subscribers they add, the losses are still bigger than their gains with each quarter. Is this the beginning of the end for traditional streaming companies? will block-chain help overcome the music industry's most challenging issues such as; Royalty payments & Copy rights hardships?
Submitted July 29, 2018 at 11:42PM
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