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Spotify Is Now Worth More Than the Entire US Recording Industry…

Posted by Mike McCready | April 20th, 2015 | No responses

digitalmusicnews.comSources: Spotify valuation ($8.4 billion) calculated by Wall Street Journal, based on an upcoming, $400 million+ capital round led by Goldman Sachs.. US-based recording valuation for 2014 ($6.72 billion) published this month by recording trade group RIAA.

 

Mike McCready is an entrepreneur at the crossroads of music and technology. He pioneered the introduction of Hit Song Science into the music industry and followed up with Music Xray, the company he co-founded and serves as CEO. His companies have been the subject of case studies at Harvard Business School, IESE and he frequently guest speaks at many of the top business schools around the world. He helps the music industry identify high potential songs and talent and helps musicians get deals, get fans, & get better: http://musicxray.com