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Channels with Peter Kafka

Spotify CEO Daniel Ek (Live at Code 2018)

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4585 Ratings

🗓️ 21 June 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

Daniel Ek, the CEO of music-streaming company Spotify, talks with Recode’s Kara Swisher and Peter Kafka at the 2018 Code Conference. Ek explains why Spotify temporarily banned R. Kelly from its playlists and why it backed off of that ban. He also talks about the company’s recent public listing and how Spotify plans to grow while losing money every quarter based on normal accounting standards. Plus: Why video is becoming more important to Spotify as a platform and how the company is distinguishing its corporate culture from Silicon Valley norms. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Today's show is brought to you by Facebook.

0:02.7

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0:07.6

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0:14.4

Watch at insidefeed.com.

0:19.8

This is Recode Media with Peter Koska. That's me. I am part of the Vox Media Podcast Network. I'm speaking to you from Vox Media headquarters in New York City. I won't be here for long, though. We're about to go to California to Rancho Palos Verde's site of the 2018 Code Conference where we talked to many awesome people. It was a great event. If you missed it, I have good news for you. You're going to be able to hear it all right here and over at Kara Swisher's podcast, Recode, Decode. Before we start that, though, one quick ask, tell someone else about this show. See, easy, thanks. Okay, here's an interview from Code Conference, which I produce with Recodes Kara Swisher. Here's an interview. Kara and I did with Daniel Eck. He's the CEO of Spotify. Built that streaming music company up from nothing. Everyone told him he should stop doing it. I'm probably one of those people who said he should stop doing it. He took this company public. It's very successful. This is the first interview he's done since taking that company public.

1:11.9

We had a lot to talk about.

1:27.2

You get to lean over now. That. That'll be all right. Normally when we bring up a publicly traded media company CEO, we talk to him on this stage about Roseanne Barr. Right. Let's mix things up. Let's talk about R. Kelly. Sure. Do you know who R. Kelly is? I do. I actually do. What's your favorite R. Kelly song? I don't know. Recently, you guys said, this wasn't an R. Kelly band, but you said there's a bunch of artists that we don't like because of their personal behavior. We don't want to promote them. R. Kelly was one of them. There's a rapper whose name I cannot pronounce.

2:02.5

I'm not going to try to.

2:04.0

There's a lot of fear about that.

2:06.8

You recently changed those decisions.

2:09.3

Can you explain why you made the first decision

2:12.2

and why you made the second decision?

2:14.8

Sure.

2:15.8

Well, I mean, if you just take two steps back and kind of look at what it is we try to accomplish,

2:21.9

I think we're now at a point where we're obviously a material part of the music industry.

2:27.4

We have 3 million artists on the platform.

2:29.8

We have 170 million consumers using this.

2:33.9

And as a platform, one of the key things that we believe in is just being transparent.

2:40.0

And I think it's something that more and more platforms are waking up about and thinking a lot more about.

2:47.0

I've been talking about that.

2:48.0

Yeah.

2:49.0

And so what we really just wanted to do was just be transparent about it.

...

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