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insomniasexx · 4063 days ago · link · · parent · post: David Byrne: 'The internet will suck all creative content out of the world' | Music | The Guardian
Wow. I didn't know any of that. The value of internet companies seems to arbitrary. How do they arrive at these numbers?Another chunk of change is soon to follow. The labels also got equity; so they are now partners and shareholders in Spotify, which is valued at around $3bn. That income from equity, when and if the service goes public, does not have to be shared with the artists. It seems obvious that some people are making a lot of money on this deal, while the artists have been left with meagre scraps.