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The Music Industry’s Downfall with Austin Hurwitz, SVP of Web3 & Community of Venice Music | Overpriced JPEGs #49

The Carly P Reilly Show

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Streaming Is Not a Profitable Business

Spotify was put in a very difficult position where they came from sweden. They had to pay massive minimum guarantees at really high percentages. You don't have any leverage when the three distributors, and universal sone and warner, control 80 plus % of the market. And i think particularly spotifi, of all of them, are going to have the hardest time in finding a path where it makes sense to run of idle businesses.

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