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Spotify Is Worth More Than Entire American Music Industry

Spotify Logo, Too Manly

Streaming music, movies and TV shows is huge right now, with Netflix raking in so much money. Spotify is to music what Netflix is to TV and movies, and it too is big business.

In fact, the Wall Street Journal claims that the music streaming platform is worth an estimated $8.4 BILLION following a deal to raise $400 million. Pandora, the company’s closest rival, is worth a relatively measly $3.5 billion by comparison.

Streaming has become so big that Spotify is worth more than the entire U.S. recorded music industry in the U.S., which was valued at just below $7 billion in 2014. Listening to music on a CD is for all intents and purposes a thing of the past, but you already knew that…

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