9 years ago
3
Spotify reportedly worth more than entire US music industry
The streaming service is now reported to have an estimated net value of £5.5 billion ($8.4 billion). In 2014, the revenue of the music industry was £4.62 billion ($6.97 billion), which includes physical sales, digital purchases and also streaming.
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Go tell that to music execs in 2001. They would laugh you out of the boardroom.
I know, right? It's amazing how established industries think they can afford to ignore advancing technology.
AutoModerator, show him th-
Oh. This isn't reddit.