![]() ![]() ![]() But while the music business is tough on Spotify, what with tiny margins, it is is believed that Hollywood margins are even tighter. That kind of money buys a lot of face time in Hollywood. Several true believers ponied up capital last year, including a $100 million investment from Coca Cola and Goldman Sachs - now industry analysts speculate that the company’s worth is around $3 billion. So why is a music company who isn’t really succeeding in music suddenly going to try and navigate the predatory waters of the music business? Well, let’s call it “not quite a Hail Mary, but close to one.”Īfter several funding rounds last year, Spotify is flush with cash. While popular with its fans, Spotify has yet to really resonate within the scope of its primary interest: music. ![]() Of course, nobody is talking on-the-record yet, so good luck getting Spotify to admit what they are planning. And like the old business adage goes: If you move into the funding and partnering sector, that means you are, like, for-real serious. So Spotify might not just be a paper tiger in the streaming music business - it might soon be a velociraptor in the streaming movie business as well.Īccording to, Spotify’s intent to merge into the streaming movie business, currently dominated by Netflix and HBO, is moving steadily into the funding and partnering sector of their latest venture. ![]()
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