"Spotify is now valued at more than double Pandora Media P -3.05%, which has a current market capitalization of about $3.5 billion. Both companies operate at a loss, as they share a large portion of revenue with music label partners.Spotify Raises $526 Million Amid Battle With Apple - Digits - WSJ
Part of the new funding may be used to fuel Spotify’s push into new forms of media. At an event last month in New York, the company announced a plan to add videos and podcasts from partners including ESPN, NBC, Conde Nast, and Comedy Central."
Wednesday, June 10, 2015
Spotify Raises $526 Million Amid Battle With Apple - Digits - WSJ