Insights: Positives and Pitfalls of Spotify's Streaming Revolution
The streaming platform once derided for destroying an industry is now hailed for rescuing it. Can now-public Spotify discover profits? And how does its foray into podcasts figure?
ALEX NORSTROM: So if you look back in time, let's say 20 years ago, there were roughly 20,000 to 30,000 artists that were living off of their art. And cost of distribution was high. So you saw that the money went for the proven artists. And you couldn't really fault the industry for that, right? So...