Their strategy was probably the classic startup strategy. Grow at all costs and figure out profitability later. These days it’s rather obvious that this strategy sucks and is doomed to fail (for most cases).
Comment on After announcing increased prices, Spotify to Pay Songwriters About $150 Million Less Next Year
BURN@lemmy.world 1 month agoSpotify negotiated shit deals when they were a startup and they’ll basically forever be not profitable because of it.
Grandwolf319@sh.itjust.works 1 month ago
KillingTimeItself@lemmy.dbzer0.com 1 month ago
they should’ve became a publisher, or started one on the side, the profit would be immense if they thought of doing that.
BURN@lemmy.world 1 month ago
Seriously. They had a completely open market, then essentially signed a perpetual deal where something like 40% of gross income is paid out to the labels. It’s absolutely insane how poorly run they were in the beginning.
If they had become a publisher, distributor and/or a label, they’d be on top of the world now.
KillingTimeItself@lemmy.dbzer0.com 1 month ago
yeah pretty much. They’d be the single biggest publisher globally, and almost certainly the most profitable.