Since it is currently owned by Sony, The Orchard should have no need for cash. But Spotify is known for making unconventional moves that upend current music industry paradigms.
So far, neither party has commented.
Did Spotify just share a big hint that is is investing in The Orchard? Days before the streamer announced an investment and partnership with DistroKid, it prominently featured the DIY. Continue reading [https://www.hypebot.com/hypebot/2018/11/did-spotify-just-signal-an-investment-in-the-orchard.htm
Since it is currently owned by Sony, The Orchard should have no need for cash. But Spotify is known for making unconventional moves that upend current music industry paradigms.
So far, neither party has commented.