Spotify, a music streaming service going for broke

2015/03/11 07:36:50 @Entertainment News Headlines — Yahoo! News

Since US pop empress Taylor Swift pulled her catalogue from the service, Spotify has regularly trumpeted its self-reported payout (1.8 billion euros) to the music industry over the past seven years. The money has turned music executives from sceptics into believers in a model -- based on free music access coupled with paid subscriptions for an ad-free service -- that record labels rebuffed when Spotify started pitching it to them in 2007. & quot;We explained we wanted to give the music away for free and they thought we were crazy, & quot; Jonathan Forster, now Spotify & #039;s vice president for Europe, told AFP before returning to the much-touted figure.
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