Is Spotify the answer to cyber music-sharing prayers of fans and the entertainment industry alike? Perhaps. The site allows legal music-streaming at different levels of subscriptions, paid and non-paid. In a world of rampant online piracy, however, can a legal site like Spotify fulfill investors’ demands that it be profitable, especially as it moves to renegotiate and surmount the challenges of paying U.S. licensing fees? In a boost to its brand, Spotify also received a stamp of approval from a recording industry trade group, which urged Congress to lift its block on the service on the U.S. House of Representatives’ network. The Recording Industry Association of America called Spotify a “licensed, secure online music streaming service.”
Can Spotify stay both legal, profitable in U.S.?
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