Spotify shared its plans to take the company to yearly revenue of $100 billion during this week’s Investor Day, and it includes charging musicians and labels for access to some tools and features.
Spotify has grown to become one of the most popular music streaming platforms in the world. More and more people are accessing Spotify on their devices to discover and listen to the music they like. And if we are going to focus on the electronic music genre, Spotify’s benefits are undoubtedly tremendous as well, and we are talking about 12 billion electronic music streams a month. And the number will only get higher as connectivity improves and Spotify reaches to more areas across the globe, continuing to be a serious revenue stream that has made record labels and artists quite happy.
With all that said, it should be a no-brainer for any electronic music producer to establish a presence in Spotify and reach out to a potentially large and global audience. This of course begins with setting up a Spotify artist account.
