Spotify Tempts Investors With Report of 70 Million Subscribers
- Streaming provider plans to list shares in first quarter
- Music industry sales have grown three years in a row
Feed.fm CEO Sees Significant Challenges Facing Spotify
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Investors are finally getting a crack at the resurgent music business.
Spotify, owner of the world’s largest paid music service, plans to begin trading on the New York Stock Exchange this quarter, passing up a traditional public offering for what’s called a direct listing. The debut will test whether investors are ready to buy into the music industry, which was left for dead just a few years ago.