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And don't miss Shira Ovide on Spotify's warning for Apple: "The company's document for its public stock listing highlights how tricky it is to turn a profit in digital music. Spotify Technology SA's gross profit margin drastically improved last year thanks to new contracts with the record labels, but the company is still doling out 75 to 80 cents of every dollar in revenue to its music industry partners, and for some other basic costs of providing its product. That makes it tough for Spotify to turn a profit."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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