[dmk23]

That is exactly their problem. Spotify owns neither the customer nor digital contents.

They can play their "music discovery arbitrage" game till it grows big enough that their partners have enough incentive to step in and take over their business.

No different than what happened to Facebook app makers. Even Zynga's profit outlook is questionable as it is crystal clear from their latest filing...

Spotify's best bet is to sell themselves at the peak. But they are pretty expensive already.

[Happer]

I don't think Spotify can easily sell themselves. It would immediately void all their current licensing agreements.