Spotify Executive: How to Become a $100B Company When Everyone Expects Your Product Free

Spotify Executive: How to Become a $100B Company When Everyone Expects Your Product Free

June 10, 2026 · 41 min

About this episode

In this episode, the hosts discuss the financial aspects of being a creator with Spotify's SVP of Markets, Gustav Gyllenhammar.

Send us Fan Mail We've done the finance of Industry, the finance of Succession, the finance of Belle Burden's Strangers — but we've never done the finance of CREATORS. So when Spotify invited us to their Investor Day, we knew we had to sit down and ask the question every aspiring musician, podcaster, and Instagram creator is obsessing over: in a world where everyone wants to be a creator, how does anyone actually get paid?In this episode, we talk with Gustav Gyllenhammar, SVP of Markets and Subscriptions at Spotify, about the surprisingly complicated machinery behind every stream you play. Where does your $12.99 a month really go? How much does a million downloads of a song actually pay out? And how did a company born out of a piracy-ravaged Sweden convince an entire generation to start paying for something they'd grown up expecting for free? We get into the labels-versus-songwriters split, the rise of the independent artist, and the one number that explains why Spotify thinks it's playing a completely different game than the AI companies scraping the internet for content.Which brings us to the real tension underneath it all: as LLMs hoover up the work of writers, musicians, and…

People in this episode

Hosts: Kristen, Jen

Guest: Gustav Gyllenhammar

Mentioned in this episode

Organizations: Spotify

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