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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 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.

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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
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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%.

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