The labels weren’t given equity, they BOUGHT the equity, which is even more terrifying. According to newspaper Computer Sweden, which has got hold of documents that Spotify sent to the companies registration office in Luxembourg, the record companies bought the shares for 100,000 kronor (€9.700, $13.900). The record labels are: Sony BMG (5.8 percent), Universal…
Spotify has nothing to do with music, saving the music business, or helping the business, it’s artists, writers, producers, etc. It is 100% a VC and PE backed tech venture whose end game is an IPO. If you chose to believe otherwise, then you are a fool of the highest order, You weren’t fool before,…
Looking at my latest ASCAP International royalty statement today…I made more money in just Taiwan, in one quarter, that Spotify made me in the entire world for the year. Wrap your heads around that one. Slovenia smoked the fuck out of it too. In fact, any singular international territory, in just one quarter, annihilates the…
You know where the Spotify IPO will get cute? Once everyone who has equity is exposed and then the question becomes how close to SEC regulations did their public support come to investor fraud. I’m talking about artists specifically, and managers.
The Spotify board is just filled with real music lovers: Dr. Klaus Hommels, Ph.D. serves as Managing Director of Hommels Holding GmbH and Klaus Hommels Capital GmbH. He was a Venture Partner of Balderton Capital. He was a Investment Partner at Springstar GmbH. Dr. Hommels has a successful investment track record in European technology and…
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