Hot rumour: Is Spotify looking to invest in Universal Music?

Hot rumour: Is Spotify looking to invest in Universal Music?
To make sure, that Spotify developed in a way that pleased (i.e. True, Steve Jobs brought them kicking and screaming into the digital age when he presented them with the concepts that would become iTunes, but they were over a barrel at the time, their revenues being decimated by online piracy. When Spotify was founded in 2008 and Daniel Ek began looking to negotiate music licenses with the labels, they played hardball. It does, however, have the backing of the stock market and the capital of its investors. Meanwhile, despite its domination of the streaming music space, Spotify continues to haemorrhage money. Real hardball. Quietly, they vowed that would never happen again. After all, record labels’ business model for more than a century had been built on selling people pieces of plastic. Despite having many boots on its neck (and forced into licensing deals that ensured that it would never be profitable), Spotify nevertheless grew into a company valued (at one point) over $30 billion. did not threaten) them, many labels took equity positions in the company. But they bristled at having to give up power to Apple when it came to distribution. When it went public, the labels had a stock market windfall, with some of them selling off their positions and taking big profits. When streaming was first proposed as a music distribution system, the traditional music wasn’t crazy about the idea. No way was a technology company ever going to get the best of them again. According to Hypebot, there’s a rumour that Spotify might be thinking about pulling a big switcheroo. After a while, though, the labels learned to like the idea of selling albums and tracks online. Could they buy a piece of Universal, the biggest of the three major labels?