Spotify’s Shaven-Headed Savior

Outside Sweden, Daniel Ek isn’t a household name. That will probably change this year when the 33-year-old seeks to turn Spotify, the music streaming business he founded a decade ago in Stockholm, into a publicly traded company that could be worth $8 billion.

The success of the initial public offering will hinge on whether investors believe Ek can turn rapid revenue growth into sustainable profit at some point in the not-so-distant future. The soft-spoken, shaven-headed Swede must overcome concerns that Spotify is a mere distribution channel, beholden to the big three music labels whose pricey licensing fees are a serious constraint.

Read Article: Bloomberg Gadfly

Respond to Spotify’s Shaven-Headed Savior

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s