Is Spotify Going Bankrupt in 2017? Wall Street Delivers Another Red Flag (digitalmusicnews.com)

Betteridge probably applies, but the riders on those loans look really bad for anyone hoping for a payout from their Spotify employee share options.

If they don't manage to reneg their deals with the big three, bankruptcy is certainly foreseeable. 70% percent royalties not including tax and overheads on a subscription model leaves no room for a profitable model. It's a shame because it really is the best service out there in my opinion.