How do you revive an industry that peaked in 1999?
Ask Daniel Ek.
The Spotify CEO spent more than a decade ignoring everyone who told him his digital music service would never work. Now he has more than 71 million subscribers around the world and $5 billion in revenue.
Along the way, Ek has made streaming mainstream, which has boosted revenue for the big music labels — and made them dependent on Spotify’s distribution and cash.
Now investors want even more out of Ek: In an unusual public offering, they valued his company at more than $26 billion, which means they’re expecting Netflix-style results.
So what’s Ek’s plan? Kara Swisher and I are excited to ask him ourselves at the Code Conference in May.
This will be Ek’s first live interview since Spotify went public, and one of many high-profile chats we have scheduled for Code. You can read about all of them here.
Want to join us next month? Apply here, and we’ll see you there.
This article originally appeared on Recode.net.
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