Spotify on course for $200m total revenue for H1 2012
Spotify has reportedly made $200 million in total revenue over the first six months of 2012, and is on an annual run-rate that could put it around $500 million by January.
The company is projecting profit after cost-of-sales to be around $60 million and is expected to post an annual loss of roughly $40 million (after engineering, marketing, sales, licensing and operating costs), according to leaked information from TechCrunch.
The streaming services deal structure with record labels requires either ...
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