{"id":2295,"date":"2012-11-12T18:44:52","date_gmt":"2012-11-12T18:44:52","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2012\/11\/12\/flameout-ahead-goldman-sachs-is-about-to-invest-100-million-in-spotify\/"},"modified":"2012-11-12T18:44:52","modified_gmt":"2012-11-12T18:44:52","slug":"flameout-ahead-goldman-sachs-is-about-to-invest-100-million-in-spotify","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2012\/11\/12\/flameout-ahead-goldman-sachs-is-about-to-invest-100-million-in-spotify\/","title":{"rendered":"Flameout Ahead? Goldman Sachs Is About to Invest $100 Million In Spotify…"},"content":{"rendered":"


We’re either looking at the biggest winner of the modern music business, or the most massive flameout this industry has ever witnessed.\u00a0 According to a report just published by the Wall Street Journal, Spotify is about to receive a staggering $100 million from Goldman Sachs, which puts the streaming service at a $3 billion valuation.\u00a0 Others are apparently involved in the round, though Goldman was the only name mentioned by the Journal.\u00a0\u00a0 <\/p>\n

For Spotify, this follows an earlier – and similarly-massive – $100 million round from last year.\u00a0 Sounds great for well-compensated executives like CEO Daniel Ek, though the monstrous valuation severely narrows the number of potential acquirers.\u00a0 Perhaps more importantly, the heavy presence of Goldman Sachs now strongly suggests a Wall Street play, despite an extremely tough IPO market for tech startups.\u00a0 And, an utterly brutal post-IPO reception for other high-profile music startups like Pandora.<\/p>\n

Goldman will likely be positioning this property for a cool flip, probably in a matter of a few years.\u00a0 Which of course prioritizes the purse for Goldman and a cadre of top financiers, but may de-prioritize the long-term prospects for Spotify and even the broader on-demand streaming space.\u00a0 <\/p>\n

Artists are almost certainly not part of these calculations.<\/p>\n

News of the round closely follows a coal-raking financial review of Spotify by PrivCo.\u00a0 The financial firm pointed to a balance sheet that was simply ‘alarming’ and ‘unsustainable,’ at least without massive structural changes. <\/p>\n

Source: Digital Music News<\/p>\n","protected":false},"excerpt":{"rendered":"

We’re either looking at the biggest winner of the modern music business, or the most…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-2295","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/2295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=2295"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/2295\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=2295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=2295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=2295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}