Music Business

Spotify Losses Widen Despite Big Revenue Rise [REPORT]

Spotify New $Spotify’s operating loss rose to between $350 million to $450 million last year, up from $205 million in 2015. That’s despite a 50% increase in revenues to $3.1 billion, sources tell respected investment site The Information.  The numbers call into question Spotify's ability to be a profitable company going forward.

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  1. Similarly, the BBC should have cut John Peel’s salary to Camper van Beethoven’s airplay royalties. No wait, that’s a stupid idea, as stupid as Lowery’s inane comparison was.

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