Spotify grew its revenue to $3.5 billion last year, and will pay music labels billions over the next 2 years
Business Insider -

Music streaming service Spotify's operating loss widened in 2016 but revenue rose significantly, the company said in its annual financial statement, ahead of a possible stock market listing before the end of next year.

Spotify, which has been the subject of intense speculation about a potential direct listing on the New York Stock Exchange, made an operating loss of $389 million (349 million euros) in 2016, compared to a $263 million (236 million euro) loss the previous year.

"This is explained...


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