Spotify is growing but can it win the streaming battle in 2021?
6th May 2021
Spotify’s Daniel Ek now has enough money to buy a Premier League football club. Let’s let that sink in for a minute.
Spotify has long resisted or deflected the claims of artists and songwriters who say they should be earning more from streaming, noting it is not yet a consistently profit-making business.
Yet its founder has somehow accumulated enough cash to contemplate acquiring the ultimate billionaire’s plaything. And not just any old football club but Arsenal, one of the short-lived European Super League’s dirty dozen, made up of those willing to squander the game’s heritage in search of even more megabucks. Clubs like that come with the sort of price tag that only the super-rich could countenance.