Why would Spotify need $1B? Is most of this money used to license content? | Hacker News

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		jsprogrammer on March 30, 2016 \| parent \| context \| favorite \| on: Spotify raises $1B in debt with devilish terms to ... Why would Spotify need $1B? Is most of this money used to license content?

adzm on March 30, 2016 [–]

> ... [out of] €1.08bn of revenues, €882.5m (£636m) was spent on royalties and distribution costs.

http://www.theguardian.com/technology/2015/may/11/spotify-fi...

jsprogrammer on March 30, 2016 | [–]

Are they prepaying the royalties? Or subsidising?

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