His company’s $26 billion valuation, its unusual IPO and more.
| Hi, How do you revive an industry that peaked in 1999? Ask Daniel Ek. The Spotify CEO spent more than a decade ignoring everyone who told him his digital music service would never work. Now he has more than 71 million subscribers around the world, and $5 billion in revenue. Along the way, Ek has made streaming mainstream, which has boosted revenue for the big music labels — and made them dependent on Spotify’s distribution and cash. Now investors want even more out of Ek: In an unusual public offering, they valued his company at more than $26 billion, which means they’re expecting Netflix-style results. So what’s Ek’s plan? Kara Swisher and I are excited to ask him ourselves at the Code Conference in May. This will be Ek’s first live interview since Spotify’s unusual public offering this month, and one of many high-profile chats we have scheduled for Code. You can read about all of them here. Hope to see you there! Kara Swisher and Peter Kafka |
| Interested in sponsoring one of our events? Contact our sales team to find the right opportunity for you. This email has been sent to: newsletter@newslettercollector.com If you would prefer not to receive emails about Code Conference, please click here. If you no longer wish to receive any Vox Media conference emails, unsubscribe here.
Vox Media, 1201 Connecticut Ave. NW, Washington, D.C. 20036 Copyright © 2018 Vox Media Inc. |
|
