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Can the Music Business Survive Spotify?

We’re finally living in the glorious new age of on-demand streaming music that consumers have been clamoring for since Napster. But how long can it last?

This article is from Issue 61: Jan/Feb 2013

In November, Spotify closed a deal that nabbed an eye-popping $100 million from investors, putting its valuation at about $3 billion. That’s a pretty impressive feat for a company that has yet to make a single penny in profit.