Can this possibly be sustainable?

Spotify tossed another scary financial figure into the ring this morning, with 2015-year losses topping an astounding $188.7 million on revenues of  roughly $2.12 billion. That widens a year-2014 loss of $176.9 million, and brings cumulative losses to $698.1 million since the company started in 2008.  All of which raises the question over whether streaming music is a viable business model.

The plunging losses explain a recent, $1 billion tranche in loans, which brings cumulative loans and debt to roughly $1.56 billion.  But whether that debt can be properly services is now a very real and pressing concern.
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http://www.digitalmusicnews.co.....2-million/