Music & money: Spotify reduces workforce as profitability remains elusive

PEOPLE & PROFIT © FRANCE 24

Is the Spotify model a successful one? The streaming platform launched in 2008 is the leader in its field, on par with what radio and CDs used to represent in the sense that it's become the most convenient way for people to consume music and other audio content. We discuss this and the growing business of investing in music royalties with Marzio Schena, the CEO of Europe's biggest music investment platform, ANote. We finish by looking at the Taylor Swift phenomenon. The pop star, who has been named Time Magazine's Person of the Year, has built a billion-dollar empire and is credited with having boosted the US economy in 2023.