Are “it was a stupid decision to buy him” and “I don't get why people listen to ...

anon23432343 · on Dec 4, 2023

I want to see how they got the 200 million back and as they have to lay off 17% of there people it looks like a stupid decision in the end.

rickdeckard · on Dec 4, 2023

It's a ridiculous amount of money for that content.

But looking back at those days where all platform embraced a strategy to "own ALL content", I doubt that the 2nd-best offer was significantly less.

After all, they also paid him to NOT make any further money with the podcast on YouTube or other platforms...

lotsofpulp · on Dec 4, 2023

> But looking back at those days where all platform embraced a strategy to "own ALL content",

I don’t understand how that could have ever been a strategy without buying the businesses that own most of the popular music, such as Warner, Universal, and Sony.

rickdeckard · on Dec 4, 2023

Spotify is largely owned by those businesses, that was part of the deal to get them to even open their catalog

lotsofpulp · on Dec 4, 2023

That is not true.

https://finance.yahoo.com/quote/SPOT/holders/

Any ownership by the record labels must be less than 1%.