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canopic jug [soylentnews.org] writes:

Now one of the latest beneficiaries of sharing music online 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 had suppressed a 300-page copyright study [gizmodo.com] showing, yet again, that copyright infringement does not harm sales. It often helps sales [torrentfreak.com]. Both factors have been known for a long time [www.cbc.ca], with other studies going back to the 1990s.

From Torrent Freak : How The Pirate Bay Helped Spotify Become a Success [torrentfreak.com]

Earlier on SN:

Spotify Files for IPO After Losing $1.5 Billion in 2017 [soylentnews.org]

Spotify Raises Cash to Fight Apple for Streaming Music Market [soylentnews.org]

Band Earns $20K for Silent Album on Spotify [soylentnews.org]

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