News for hackers. Stuff that matters.

A comment on Spotify will reduce total headcount by 17% across the company. Parent comment

Re:Spotify will reduce total headcount by 17% across the com... by anon23432343 on Monday December 04, 2023 @03:30AM (#38514973)
I want to see how they got the 200 million back and as they have to lay off 17% of there people it looks like a stupid decision in the end.
[ Parent | on HN ]
Re:Spotify will reduce total headcount by 17% across the com... by rickdeckard on Monday December 04, 2023 @04:17AM (#38515238)
It's a ridiculous amount of money for that content.

But looking back at those days where all platform embraced a strategy to "own ALL content", I doubt that the 2nd-best offer was significantly less.

After all, they also paid him to NOT make any further money with the podcast on YouTube or other platforms...

[ Parent | on HN ]
Re:Spotify will reduce total headcount by 17% across the com... by lotsofpulp on Monday December 04, 2023 @08:00AM (#38516698)
> But looking back at those days where all platform embraced a strategy to "own ALL content",

I don’t understand how that could have ever been a strategy without buying the businesses that own most of the popular music, such as Warner, Universal, and Sony.

[ Parent | on HN ]
Re:Spotify will reduce total headcount by 17% across the com... by rickdeckard on Monday December 04, 2023 @03:42PM (#38522750)
Spotify is largely owned by those businesses, that was part of the deal to get them to even open their catalog
[ Parent | on HN ]
Re:Spotify will reduce total headcount by 17% across the com... by lotsofpulp on Monday December 04, 2023 @03:54PM (#38522895)
That is not true.

https://finance.yahoo.com/quote/SPOT/holders/

Any ownership by the record labels must be less than 1%.

[ Parent | on HN ]