Apple’s rumored budget of $1 billion annually might help it better compete with Spotify, the privately held music streaming company, muses Amit Daryanani of RBC Capital, contrary to speculation that it’s about TV shows and competing with Netflix.
Developed to bridge the gap between illegal file sharing innovation and a behind-the-times record industry, Spotify is conducting a delicate balancing act. CEO Daniel Ek needs to keep all parties happy ahead of the company’s anticipated IPO
Content creation has been fraught with art and musical geniuses who make money for centralized corporations. While new companies are creating blockchain solutions to share profits with creators and curators alike, the $64 million question is can they succeed in disrupting the art and music markets?