SoylentNews

canopic jug writes:

One of the latest beneficiaries of sharing music online, according to TorrentFreak, turns out to be the streaming music service Spotify:

Without The Pirate Bay, Spotify may have never turned into the success it is today. Ten years ago record labels were so desperate to find an answer to the ever-growing piracy problem that they agreed to take a gamble. Now, more than a decade later, Spotify has turned into a billion-dollar company, with pirate roots.

Last autumn the EU suppressed a 300-page copyright study showing yet again that copyright infringement does not harm sales. It often helps sales. Both factors have been known for a long time, with other studies going back to the 1990s.

Earlier on SN:

Spotify Files for IPO After Losing $1.5 Billion in 2017

Spotify Raises Cash to Fight Apple for Streaming Music Market

Band Earns $20K for Silent Album on Spotify

Original Submission