UK Business

Spotify just made a record profit. What can the platform do now to maintain momentum?

Written by Andrew White, Senior Lecturer in the Department of Culture, Media & Creative Industries, King's College London

Could this be the start of a golden era for Spotify?r.classen/Shutterstock

It is not much of an exaggeration to say that Spotify saved the music industry. Global revenue for recorded music reached its zenith in 1999 – the same year that the seeds of the industry’s near destruction were sown.

When Napster launched that year it gave...

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