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A comment on Spotify opens on NYSE, valuing company at almost $30B. Parent comment

Re:Spotify opens on NYSE, valuing company at almost $30B by headmelted on Tuesday April 03, 2018 @05:22PM (#16749419)
.. unless the music labels object to the conflict of interest.

Spotify has a lot of competitors biting at it's heels, they're certainly the largest (and IMHO, best) at what they do, but they've by no means locked up the market.

They're not exactly at the mercy of the labels, but they probably can't afford to piss them off either.

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Re:Spotify opens on NYSE, valuing company at almost $30B by creaghpatr on Wednesday April 04, 2018 @09:10AM (#16754320)
The labels themselves are large shareholders in Spotify, so they would have to balance the monetization of their own artists with Spotify's label artists.

This could lead to cartel-like behavior among the stakeholder labels and crowd out the smaller players, but that's basically been happening in the industry for a long time so I'm not sure how big the impact would be.

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