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Industry Insider Suggests Spotify Follow In The Footsteps Of Netflix With Original Content

  • Category business
  • Definition HD
  • Resolution 1280 x 720
  • Duration 00:00:59
  • Year 2018
  • Language English

Industry Insider Suggests Spotify Follow In The Footsteps Of Netflix With Original Content

Despite having more than 70 million subscribers and at least 140 million active users, Spotify isn’t turning a profit. During its IPO, the the streaming service said it generated $4.99 billion in revenue in 2017, but still posted a loss of $1.5 billion. This is mostly due to the high licensing fees charged by the music industry.

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