The Final Fuck You!

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 Music (4.8 percent), Warner Music (3.8 percent) and EMI (1.9 percent). Also Merlin holds a small stake.