Spotify opens on NYSE, valuing company at almost $30B
I do love Spotify as a product, however I don&#x27;t think it will scale the same way Netflix does. Spotify is at the mercy of major record labels, and as their books become more transparent the record labels will squeeze every dollar they can for licensing. That is, unless they find a way to upend the record industry entirely.<p>Spotify has a unique position with their amazing  discovery&#x2F;recommendations engine- they could potentially start their own &quot;label&quot; and promote their own artists that sign on. Small&#x2F;independent musicians could see more exposure and Spotify can deliver more music tailored for individual tastes. I&#x27;ve personally found myself listening to lots of small&#x2F;indie artists as a result of their algorithms, to the point that these now make up the majority of my listening experience.<p>I think getting into concert tickets&#x2F;streams, merchandise etc could help them potentially capture quite a bit of value in the future as well.<p>I know the comparison is similar to original content &amp; Netflix - but keep in mind there&#x27;s an opportunity cost with media (one can only consume X amount of shows&#x2F;songs within a period of time). The more attention Spotify can divert away from the major record labels the better.