From the Editor's Desk

Spotify just made a record profit. What can the platform do now to maintain momentum?

It is not much of an exaggeration to say that Spotify saved the music industry. Global revenue for recorded music reached its zenith in 1999 – the same year that the seeds of the industry’s near destruction were sown.

When Napster launched that year it gave music lovers around the world access to an almost limitless catalogue of songs for free. To millions of young people, it would take more than legal action against Napster and others to persuade them that they should return to analogue modes of listening. Spotify’s emergence in 2006 demonstrated that it was possible to monetise streaming in a way that was both legal and attractive to music lovers.

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