> But looking back at those days where all platform embraced a strategy to "own ... | Hacker News

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		lotsofpulp on Dec 4, 2023 \| parent \| context \| favorite \| on: Spotify will reduce total headcount by approximate... > But looking back at those days where all platform embraced a strategy to "own ALL content", I don’t understand how that could have ever been a strategy without buying the businesses that own most of the popular music, such as Warner, Universal, and Sony.

rickdeckard on Dec 4, 2023 [–]

Spotify is largely owned by those businesses, that was part of the deal to get them to even open their catalog

lotsofpulp on Dec 4, 2023 | [–]

That is not true.

https://finance.yahoo.com/quote/SPOT/holders/

Any ownership by the record labels must be less than 1%.

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