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Here's Why We Can't Have Nice Things: Spotify Goes Public

Ron can often be found camped out at Greenblatt's Deli, also on the Sunset Strip. That's how he keeps the Dad Bod.


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He was being interviewed on a local station, the guy kept calling him The Hedgehog, but acting like a major fan. Ron was doing his best to keep it civil, but you could tell it was getting his goat. Great Cincinnati radio moment.
 
...

Spotify is 12 years old and has never been profitable.

Last year, it posted an operating loss of $461 million.

Today, as it goes public, it wants investors to value it at something above $20 billion...

Huh...did I read that correctly?

Where's Mr. Wonderful's words-o-wit when you need him?

Heck, I think even Ms. Greiner (the warm-blooded shark) may have some harsh words for him.

Probably not...but she still might be out.
 
The internet has also killed living wages in the once-lucrative field of pornography.

Porn star Ron Jeremy was involved in a fender-bender on the Sunset Strip last night.

Consider his car. That's not a bra on the front fender, it's gaffer's tape.

This is probably the best-known actor in the history of the genre,
and his wheels look like something a bass player would drive.


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I get the point. The shirt and car together but the tape looks put on by the towtruck driver to keep his load together.
 
Huh...did I read that correctly?

Where's Mr. Wonderful's words-o-wit when you need him?

Heck, I think even Ms. Greiner (the warm-blooded shark) may have some harsh words for him.

Probably not...but she still might be out.

Right???

Mr. Wonderful would say, "You lose a billion and a half dollars last year, and your valuation of the company is 24 BILLION?
How did you get there?"
 
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If Ron has grown annoyed by the nickname, perhaps it is because he got burned on his booze brand.



Hijack! Take me to Cuba!

Sounds like potential Sammy Hager brand. Even though he sold most of his interest, I believe he's still pretty involved in the booze business. Not really a Carbo tequila fan, think Patron is much better for the same money. But I have just as good of tequila, for half the money of either brand.
 
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Hijack! Take me to Cuba!

Sounds like potential Sammy Hager brand. Even though he sold most of his interest, I believe he's still pretty involved in the booze business. Not really a Carbo tequila fan, think Patron is much better for the same money. But I have just as good of tequila, for half the money of either brand.

Glad the booze biz is being good to the 'Hog.

Really, though, if he's going to front for a lifestyle, he at least needs a corporate lease.

I mean, look at the primer on the back bumper... Look at the way the back seat door is a mismatched fit with the body.
That Hedgehogmobile is one beat ride.

Considering the many blessings Ron has shared with us all, he deserves better.

4ACA2CA600000578-5574083-image-a-19_1522769379438.jpg
 
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Glad the booze biz is being good to the 'Hog.

Really, though, if he's going to front for a lifestyle, he at least needs a corporate lease.

I mean, look at the primer on the back bumper... Look at the way the back seat door is a mismatched fit with the body.
That Hedgehogmobile is one beat ride.

Considering the many blessings Ron has shared with us all, he deserves better.

View attachment 2972042
Though he has money from what I'm reading. Sounds like Ron has had some motor vehicle problems, and no license in the past.
 
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However, this platform is the final death knell for small artists in terms of their reasonably expecting any appreciable revenue from recordings.
Buying LPs & subscribing to Spotify (for 5+years) are virtually the only 2 ways i get, and listen to music.

And our extremely 'small artist' band is listed and listened to on Spotify (as well as iTunes, Amazon, and a few other streaming services I've never even heard of.)

Other than people being able to listen to our album for free (wether they're a subscriber or not... subscribing to Spotify only makes it commercial free and have the ability to download), we've sold a few physical units because people liked what they heard (not that everybody is going to decide to pay), but the cringe inducing term 'exposure' there has seemingly been only good for us. I believe we pop up under certain playlists and recommendations based on users listening habits.

(I just found this thread, so haven't digested it all yet by just skimming ... but I love to be outraged about companies getting too big for their britches, so I'm subbed!)
 
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Buying LPs & subscribing to Spotify (for 5+years) are virtually the only 2 ways i get, and listen to music.

No intent here to hate on streaming per se, as I do believe that Genie will not be put back in the bottle, and it's just the way she goes.

But I do find Spotify's stock offering a little dubious. Actually, it is not an offering to raise capital, but rather the release to the public of stock already held by company members and employees.

In other words, they are taking money off the table before attempting to "make new money" through a dissolution.

@catcauphonic , back to your point about consuming only via Spotify and album purchase:

a) Glad Spotify is working for you.

b) albums may be of interest to you, but you are very much in the minority. Forbes just had this article on the death of the album. I don't know anyone who talks about albums as such, aside from the dedicated thread here at TB, and a few Beyonce fans who played Lemonade head-to-tails to try to figure out her marital status after her husband's affair. Otherwise, the whole fantastic programming of the album -- strong opener, second strong number, ballad, filler, raga, dodgy bit, late album rally, strong closer! -- is again becoming an unappreciated if not lost art.

How do you structure your Spotify playlists, any super sets by one artist? And how do you integrate the new stuff?

Link to the Forbes article:

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From the Forbes article on the death of the album (link in post above):


.....album sales were down by another 17.7 percent to 169.15 million copies sold last year according to Nielsen Music.

This includes all forms of the album including CDs, digital albums, vinyl LPs, and cassettes.

Compare that to 1999, when 939.9 million CDs alone were sold, according to the RIAA.

Not only that, the top selling album really didn’t sell that much compared to the past.

Taylor Swift’s Reputation topped the list last year with only 1.9 million sold,
and much of that was tied to her controversial buy-an-album-get-a-chance-for-a-concert-ticket plan.

There was only one other album that topped a million last year, and that was Ed Sheeran’s Divide at 1.1 million.

Remember the days when a hit artist could sell that in a week? They’re long gone.

For the most part, hip-hop artists have seen the light way before the rest of the industry,
concentrating on releasing more frequent singles instead of waiting until a group of songs were finished to release an album
(the traditional way albums have been made).

The idea is that having a new song on the charts right now is better than waiting until next year to release an album of 10 songs,
of which probably only one or two will get attention anyway.
 
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"It's time for artists, bands and record labels to give in to the fact that we live in a singles world and an album just isn't the product that consumers are looking for."

So concludes the Forbes article on the death of the album. Assuming this is true, and given that consumers also are not looking
to buy single downloads from iTunes (a dying market), that leaves musicians little choice but to broker in singles, make videos out of pocket as loss leaders on Youtube, and accept the rates and terms offered by Spotify and other streaming platforms.


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as a serious investor, why on earth would you invest in a company that has never shown a profit? .... ever. I will be flabbergasted if this thing gets any action at all just on it's word that it will show a profit at some point, couldn't even sell that one to the shark tank people , not to mention that the whole thing reeks of exploitation. I have never listened to Spotify and hope the stupid deal goes down in flames.

I generally go to amazon, they have 30 second samples to preview and reviews on which to weigh a purchase. I know many of my friends use the streaming thing, I still buy CD's just because.
 
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Depending on the platform, you can modify the programming to your taste. Or the platform will modify its playlist to your taste, if you prefer.
I was talking from a pay perspective. Do artist get paid when their song is played on the radio? I think technology from a recording stand point has had it's impact too. You can do a very good recording in your kitchen for a couple of grand. That wouldn't have gotten you squat 20 years ago. Distribution and getting your music heard today a heck of a lot easier.