Bizarre and depressing

This is bizarre… According to Digital Music News, Spotify is worth more than the US recording industry… Spotify is valued at $8.4 billion, which is calculated by Wall Street Journal, based on an upcoming, $400 million+ capital round led by Goldman Sachs.. Whereas the US-based recording valuation for 2014 is $6.972 billion is based on figures published this month by recording trade group RIAA. How depressing…

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