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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:07,080 --> 00:00:09,960 [upbeat music] 2 00:00:23,040 --> 00:00:25,600 [Petra] Okay, so you've heard about Daniel Ek and his dream. 3 00:00:26,520 --> 00:00:30,120 and you've heard about the struggles of Per Sundin and the music business 4 00:00:30,200 --> 00:00:33,440 and how they saw that Spotify could save them. 5 00:00:33,520 --> 00:00:35,800 But if you really thought it was that simple? 6 00:00:35,880 --> 00:00:38,000 Think again. 7 00:00:38,080 --> 00:00:41,200 Remember, the one thing music execs hate, is change. 8 00:00:41,280 --> 00:00:44,560 And the one thing tech guys hate, is compromise. 9 00:00:44,640 --> 00:00:48,200 Somebody had to figure out what the hell this new universe looks like. 10 00:00:48,280 --> 00:00:52,280 That was me. I was the missing link. 11 00:00:52,360 --> 00:00:55,000 Believe me, it wasn't easy. 12 00:00:55,080 --> 00:00:58,280 but sometimes, the only thing you can do is to write your own chorus. 13 00:01:04,480 --> 00:01:07,040 Heard you won again, everybody's talking about you. 14 00:01:08,120 --> 00:01:12,160 Everybody already knows how these trials will end, it's nothing new. 15 00:01:12,240 --> 00:01:16,120 It's kind of like that movie, what's it called? "Groundhog Day" I think. 16 00:01:16,200 --> 00:01:20,120 Wish my Mondays were that great. The CEO loves you. 17 00:01:20,200 --> 00:01:22,320 You're gonna be partner, I'm sure of it. 18 00:01:23,240 --> 00:01:28,040 You know what you need to do? Let loose and go out. Celebrate. 19 00:01:28,120 --> 00:01:30,640 Shake it up a little. Okay? 20 00:01:31,320 --> 00:01:33,680 Trust me, it'll be too late when you're changing diapers 21 00:01:33,760 --> 00:01:36,040 and picking up your kids from kindergarten. 22 00:01:36,120 --> 00:01:37,280 I'm coming. 23 00:01:38,040 --> 00:01:40,480 I don't get how he can't make it before five. 24 00:01:40,560 --> 00:01:43,000 Hey, promise me you won't go back to the office, okay? 25 00:01:43,600 --> 00:01:45,480 Get out, party. Whatever. 26 00:01:45,560 --> 00:01:47,600 - We'll see. - Ciao! 27 00:01:47,680 --> 00:01:51,040 - Here's the contract you asked me to print - Oh cool, excellent! Would you mind 28 00:01:51,120 --> 00:01:54,360 - putting these files in my office? - Yeah. 29 00:01:54,440 --> 00:01:57,376 - I'll take a look at the contract later. - Don't forget the meeting. He's been 30 00:01:57,400 --> 00:02:00,360 - waiting a while now. - See you in a couple of weeks. 31 00:02:00,440 --> 00:02:01,600 Very good. 32 00:02:01,680 --> 00:02:02,520 Petra? 33 00:02:02,600 --> 00:02:05,760 [upbeat music] 34 00:02:06,680 --> 00:02:09,456 I'm going to have to reschedule that meeting for later in the week okay? 35 00:02:09,480 --> 00:02:11,240 Okay! Yeah, that's fine. 36 00:02:13,720 --> 00:02:16,280 Ah, Petra. Good. 37 00:02:16,360 --> 00:02:19,120 Congratulations on another success. 38 00:02:19,200 --> 00:02:20,880 - Well played, really well done. - Thanks. 39 00:02:20,960 --> 00:02:24,200 The bosses at Petterson are calling me and begging me for mercy now. 40 00:02:24,280 --> 00:02:27,240 Okay... Who were you talking to just now? 41 00:02:27,320 --> 00:02:28,640 Maxine Silverson. 42 00:02:28,720 --> 00:02:31,160 From the Sony Music office in New York. 43 00:02:31,240 --> 00:02:37,880 They have a modest ten million dollar budget for legal expenses. How about that? 44 00:02:37,960 --> 00:02:41,040 Does that mean we're representing a record company? 45 00:02:41,120 --> 00:02:42,160 Yes, exactly. 46 00:02:42,240 --> 00:02:43,280 That's right. 47 00:02:43,360 --> 00:02:45,680 The record companies finally decided to fight back 48 00:02:45,760 --> 00:02:50,760 and they've asked us to basically sniff out every little internet service 49 00:02:50,840 --> 00:02:53,680 that uses their music illegally. 50 00:02:53,760 --> 00:02:55,920 And who are you going to give the assignment to sir? 51 00:02:56,000 --> 00:02:58,960 It's a very interesting and complex area of law. I'm thinking 52 00:02:59,040 --> 00:03:02,040 it has to be someone who can handle that type of case. 53 00:03:02,120 --> 00:03:05,560 Yes, exactly. But the thing is, they want a senior partner. 54 00:03:06,600 --> 00:03:08,080 [boss] Yes, Carl... 55 00:03:09,080 --> 00:03:12,560 [suspense music] 56 00:03:12,640 --> 00:03:13,680 Petra. 57 00:03:29,400 --> 00:03:31,280 [assistant] Petra... Ah... 58 00:03:31,360 --> 00:03:33,720 Do you need anything for the meeting? 59 00:03:33,800 --> 00:03:34,640 What meeting Linda? 60 00:03:34,720 --> 00:03:37,520 Martin Lorentzon. He refuses to leave. 61 00:03:37,600 --> 00:03:39,680 Oh wait, what was that about again? 62 00:03:39,760 --> 00:03:40,600 Spotify. Eh... 63 00:03:40,680 --> 00:03:43,920 - The start-up thing? Is he still there? - Yeah and he's coming over now. 64 00:03:44,000 --> 00:03:46,176 - Okay, you have to cancel it right now. - I can't, he's very persistent... 65 00:03:46,200 --> 00:03:48,481 - Tell him I'll meet him next week. - [Martin] Petra, hey! 66 00:03:48,560 --> 00:03:50,520 - Yeah, hi. - We have a meeting booked. 67 00:03:50,600 --> 00:03:53,360 Yeah we did, unfortunately, there's been a double booking, 68 00:03:53,440 --> 00:03:56,120 Linda will reschedule for you, so we can meet... 69 00:03:56,200 --> 00:03:57,640 Oh no it won't take long. 70 00:03:57,720 --> 00:04:00,160 I just want to give you a glimpse of our plans. 71 00:04:00,240 --> 00:04:02,680 We're a streaming service as you probably know. 72 00:04:02,760 --> 00:04:07,240 I do, but this law firm doesn't work with companies at risk of being sued. 73 00:04:07,320 --> 00:04:08,680 No, no one will be sued. 74 00:04:08,760 --> 00:04:11,480 We're gonna get the music rights and become the first 75 00:04:11,560 --> 00:04:14,480 fully legal streaming service in the world. 76 00:04:15,160 --> 00:04:17,800 - A fully legal streaming service? - Yep! 77 00:04:18,360 --> 00:04:20,400 Okay I'm sorry, what did you say your name was? 78 00:04:20,480 --> 00:04:24,120 Martin Lorentzon. I founded Tradedoubler and now I'm building Spotify. 79 00:04:24,839 --> 00:04:27,520 We already have a couple of record companies as clients 80 00:04:27,600 --> 00:04:30,800 so I can't represent you without creating a conflict of interest. 81 00:04:30,880 --> 00:04:33,760 No, you don't understand, we don't want you to represent us. 82 00:04:34,760 --> 00:04:36,440 Then what can I do for you? 83 00:04:36,520 --> 00:04:39,920 I want to hire you. As our lawyer. Full time. 84 00:04:41,120 --> 00:04:42,960 You'd be working for us at Spotify, 85 00:04:43,040 --> 00:04:46,400 negotiating and drafting our agreements with the music industry. 86 00:04:46,480 --> 00:04:49,200 Mm. Uh... Okay. 87 00:04:49,280 --> 00:04:52,560 You want me to quit one of Scandinavia's top law firms 88 00:04:52,640 --> 00:04:54,760 to go work at a start-up that nobody has heard of? 89 00:04:56,040 --> 00:04:59,080 - Yes! - [laughs] Okay. 90 00:04:59,160 --> 00:05:02,200 - Thanks for the laugh, it's been a while. - Of course. 91 00:05:02,280 --> 00:05:05,640 But this is way too crazy for me, okay? No offence. 92 00:05:05,720 --> 00:05:06,920 But crazy is good! 93 00:05:08,080 --> 00:05:12,080 Crazy can be good. Believe me. Here, take my card. 94 00:05:14,520 --> 00:05:18,360 Come by the office and just look at the player. That's all I ask. 95 00:05:18,440 --> 00:05:21,440 [mid-tempo music] 96 00:05:21,520 --> 00:05:22,560 [Martin] Bye! 97 00:05:40,840 --> 00:05:44,120 - Hello! You ready for drinks? - Hi! Yeah, how about you? 98 00:05:44,200 --> 00:05:45,320 Hmm mh. 99 00:05:45,400 --> 00:05:48,280 Hey, listen, I think the boss has some news. 100 00:05:49,080 --> 00:05:50,360 What kind of news? 101 00:05:51,040 --> 00:05:53,720 - You're making partner. - He's going to say that now? 102 00:05:53,800 --> 00:05:55,920 - I think so! - Are you positive? 103 00:05:58,040 --> 00:05:59,880 Do I have anything between my teeth? 104 00:06:00,680 --> 00:06:01,760 Not a bit. 105 00:06:02,960 --> 00:06:05,080 - [indistinct chatter] - Thank you! 106 00:06:05,760 --> 00:06:07,720 Hello, glad you came Petra. 107 00:06:07,800 --> 00:06:09,760 - Cheers ladies. - Thank you! 108 00:06:09,840 --> 00:06:11,480 [boss] Attention everyone! 109 00:06:12,400 --> 00:06:16,040 Well, we've had a good year, yeah? 110 00:06:17,400 --> 00:06:21,800 Many of you have shown that Smith Ardehn is at the forefront, 111 00:06:21,880 --> 00:06:24,920 especially our Corporate Commercial group. 112 00:06:25,000 --> 00:06:27,120 Great job, well done! 113 00:06:27,200 --> 00:06:29,000 [clapping] 114 00:06:29,080 --> 00:06:31,640 - So was that the big news? - Just hold on. 115 00:06:31,720 --> 00:06:34,600 [boss] You know they say you shouldn't talk about 116 00:06:34,680 --> 00:06:36,920 decisions that haven't been formally 117 00:06:37,000 --> 00:06:42,920 confirmed at the board meeting, but good news is good news right? 118 00:06:43,000 --> 00:06:47,880 We have a new junior partner. 119 00:06:47,960 --> 00:06:50,160 Petra Hansson, welcome! 120 00:06:50,240 --> 00:06:52,120 [clapping] 121 00:06:52,200 --> 00:06:55,560 - Congrats! This is amazing - Thank you! 122 00:06:55,640 --> 00:06:56,720 Petra, congratulations! 123 00:06:56,800 --> 00:07:00,080 Wow I can't believe it. 124 00:07:00,160 --> 00:07:01,160 How does it feel? 125 00:07:01,240 --> 00:07:02,960 Amazing. Thank you! 126 00:07:03,040 --> 00:07:05,200 - Thanks. - This is great. 127 00:07:05,280 --> 00:07:06,856 - So happy for her. - I'm so proud of you. 128 00:07:06,880 --> 00:07:08,120 - Mm. - You deserve it. 129 00:07:08,200 --> 00:07:10,440 Guys I'll just... Yeah, see you soon. 130 00:07:10,520 --> 00:07:13,800 [mid-tempo music] 131 00:07:15,960 --> 00:07:18,160 Yes, absolutely! Of course. 132 00:07:18,240 --> 00:07:21,800 - Congratulations! Great job. - Well, thank you for your trust. 133 00:07:21,880 --> 00:07:23,240 It was actually an easy decision 134 00:07:23,320 --> 00:07:27,560 considering the tremendous performance you've shown us this year. Fantastic! 135 00:07:27,640 --> 00:07:29,400 - Thank you so much! - Welcome aboard. 136 00:07:29,480 --> 00:07:31,160 - Yes, thank you. - Well deserved. 137 00:07:31,240 --> 00:07:34,400 Glad to hear that. Well, I feel ready for the record company. 138 00:07:34,480 --> 00:07:36,600 - [chuckles] For what? - Well... 139 00:07:36,680 --> 00:07:39,800 I knew the minute I saw Maxine Silverson here that 140 00:07:39,880 --> 00:07:41,560 you were going to give me that case. 141 00:07:41,640 --> 00:07:42,920 - Right. - [chuckles] Okay. 142 00:07:43,000 --> 00:07:49,120 And what didn't you understand about the "junior" part of junior partner? 143 00:07:49,200 --> 00:07:52,440 - Partner is partner, right? - And junior is junior. 144 00:07:52,520 --> 00:07:57,680 And just so you know, if there's one thing senior partners don't appreciate, it's 145 00:07:57,760 --> 00:08:02,200 a junior partner who doesn't understand and/or respect hierarchy. 146 00:08:02,280 --> 00:08:03,600 Okay? Cheers, welcome aboard. 147 00:08:03,680 --> 00:08:04,960 Thanks! 148 00:08:05,040 --> 00:08:09,480 Guys? Who wants to go to a soccer game this weekend? 149 00:08:09,560 --> 00:08:12,280 - [soft music] - [background laughter] 150 00:08:12,360 --> 00:08:14,920 [boss] Sorry, did I say guys? 151 00:08:15,000 --> 00:08:18,600 [laughter] 152 00:08:27,000 --> 00:08:29,720 [suspenseful music] 153 00:08:38,960 --> 00:08:41,760 [indistinct chatter] 154 00:08:55,560 --> 00:08:57,800 [footsteps] 155 00:08:59,280 --> 00:09:01,920 [indistinct chatter] 156 00:09:07,440 --> 00:09:08,440 [indistinct chatter] 157 00:09:09,320 --> 00:09:10,320 [man2] Yes! 158 00:09:11,160 --> 00:09:12,840 [man3] Thanks. 159 00:09:12,920 --> 00:09:16,640 [whirring sound] 160 00:09:16,720 --> 00:09:19,920 [indistinct chatter] 161 00:09:25,080 --> 00:09:27,120 Excuse me? 162 00:09:27,200 --> 00:09:30,080 - Can I help you with something? - No, no need. Don't worry. 163 00:09:30,160 --> 00:09:31,800 Are you here to meet someone, or...? 164 00:09:32,960 --> 00:09:36,040 Yes, I was supposed to meet Martin Lorentzon, but I don't think he's here. 165 00:09:36,120 --> 00:09:39,640 Oh yeah, Martin's here. Follow me, I'll take you. 166 00:09:40,480 --> 00:09:41,560 Hmm. 167 00:09:41,640 --> 00:09:43,200 [Sophia] He's right over here. 168 00:09:43,880 --> 00:09:46,640 Uhm yeah. By the way, I'm Sophia. 169 00:09:46,720 --> 00:09:51,520 - Are you Martin's assistant? - No, I'm the global marketing manager. 170 00:09:52,720 --> 00:09:53,840 [background noise] 171 00:09:54,800 --> 00:09:55,920 And who are you? 172 00:09:56,000 --> 00:09:58,280 - Hold that. - Whoa! Uhm... 173 00:09:58,360 --> 00:10:00,600 [yelps] That's not okay! 174 00:10:00,680 --> 00:10:04,520 No, of course... Sorry, come with me. Sorry about that. 175 00:10:04,600 --> 00:10:07,760 They mean no harm. [laughs] 176 00:10:07,840 --> 00:10:10,880 - Dope power suit! - Do I have a mark here now? 177 00:10:10,960 --> 00:10:13,280 - Oh, no, I think you're good. - Thanks. 178 00:10:13,360 --> 00:10:16,520 Martin, you have a visitor. 179 00:10:17,400 --> 00:10:18,800 - Petra! - Hi! 180 00:10:18,880 --> 00:10:21,840 - You came! - Yes, I survived the walk to your office. 181 00:10:21,920 --> 00:10:23,360 [laughs] That's great! 182 00:10:23,440 --> 00:10:27,320 I see you met Sophia. She's brilliant! 183 00:10:27,400 --> 00:10:30,000 She's got everybody talking about Spotify. 184 00:10:30,080 --> 00:10:32,760 She knows all of Stockholm. 185 00:10:32,840 --> 00:10:34,240 So... 186 00:10:34,320 --> 00:10:37,960 In there, we have Daniel Ek, our CEO and my co-founder. 187 00:10:38,040 --> 00:10:41,960 - I didn't know you had a co-founder. - I do, he's a genius. 188 00:10:42,040 --> 00:10:45,200 He just has a hard time compromising with the music industry. 189 00:10:45,280 --> 00:10:46,960 But you know... 190 00:10:47,040 --> 00:10:50,480 Maybe every genius needs a little guidance. 191 00:10:50,560 --> 00:10:52,240 It depends. 192 00:10:52,320 --> 00:10:55,400 That's why we need you here, right? 193 00:10:55,480 --> 00:10:57,480 You're going to meet a real hero. Come on. 194 00:10:59,280 --> 00:11:03,360 Niklas, Petra. 195 00:11:03,440 --> 00:11:05,680 Niklas here has handled the negotiations so far. 196 00:11:05,760 --> 00:11:07,280 - Hi. Niklas. - Petra. 197 00:11:07,360 --> 00:11:09,280 He knows all about you. [chuckles] 198 00:11:09,360 --> 00:11:11,600 Yeah, I think he's a little star struck right now. 199 00:11:12,320 --> 00:11:15,120 It looks like you have a negotiator, so you don't really need me. 200 00:11:15,200 --> 00:11:21,320 We do need you, believe me. Been wrestling with the record companies alone 201 00:11:21,400 --> 00:11:23,840 for far too long. So you are more than needed. 202 00:11:23,920 --> 00:11:24,840 Welcome. 203 00:11:24,920 --> 00:11:26,280 [chuckles] 204 00:11:26,360 --> 00:11:31,960 - We're old childhood friends, actually. - Are you going to show me this player? 205 00:11:32,040 --> 00:11:33,920 - Mm. - Of course. Over here. 206 00:11:34,840 --> 00:11:38,960 - Nice meeting you. - Meet Andreas Ehn and Ludvig Strigeus. 207 00:11:39,520 --> 00:11:43,520 The super geniuses behind the beta application we've created. 208 00:11:43,600 --> 00:11:46,080 - Hey! Andreas. - Hi! Petra. 209 00:11:47,360 --> 00:11:49,600 - Ludvig. - I'm Petra, nice to meet you. 210 00:11:50,320 --> 00:11:53,200 So, Sophia is brilliant, 211 00:11:53,280 --> 00:11:56,200 Daniel is a genius, Niklas is a hero, 212 00:11:56,280 --> 00:11:58,480 Andreas and Ludvig are also geniuses. 213 00:11:58,560 --> 00:12:01,760 So do you have anyone who might be... 214 00:12:01,840 --> 00:12:03,600 I don't know, just normal? 215 00:12:03,680 --> 00:12:05,800 Ehm... No. 216 00:12:05,880 --> 00:12:07,800 Why don't you try the player yourself. 217 00:12:08,840 --> 00:12:09,840 Here. 218 00:12:11,640 --> 00:12:13,400 [sharp swoosh sound] 219 00:12:14,800 --> 00:12:19,240 [soft music] 220 00:12:19,320 --> 00:12:22,440 But how... but? Wait a minute... It's playing, how come? 221 00:12:22,520 --> 00:12:23,960 It's supposed to download... 222 00:12:24,040 --> 00:12:26,320 [soft music] 223 00:12:26,400 --> 00:12:28,200 This is unbelievable! 224 00:12:28,280 --> 00:12:30,920 [soft music] 225 00:12:31,000 --> 00:12:35,600 Okay, wow. I'm super impressed. 226 00:12:37,880 --> 00:12:38,880 Want a coffee? 227 00:12:40,360 --> 00:12:44,000 No. I think I'll sit here and listen to music. 228 00:12:44,080 --> 00:12:46,600 But... okay. Wow. 229 00:12:47,400 --> 00:12:50,280 I'm almost a little shocked. This is really... 230 00:12:50,360 --> 00:12:52,360 How did you make it look so pretty too? 231 00:12:52,440 --> 00:12:53,440 [sharp swoosh sound] 232 00:12:54,280 --> 00:12:56,480 But what's the plan if they won't give you the rights? 233 00:12:56,560 --> 00:12:57,560 Because you know 234 00:12:57,640 --> 00:13:01,720 Martin, the record companies will do everything they can to stop this. 235 00:13:01,800 --> 00:13:04,640 - They want to crush the digital market. - Yes, we know. 236 00:13:04,720 --> 00:13:08,200 And that's why you're here, that's why we want to hire you, Petra. 237 00:13:08,280 --> 00:13:12,520 Yes, but how long can you afford that? Six months? A year, if you're lucky. 238 00:13:12,600 --> 00:13:17,440 Martin, negotiating with record companies, it's a bit like getting water-boarded. 239 00:13:17,520 --> 00:13:19,000 Hmm. 240 00:13:19,080 --> 00:13:23,800 You know, the purpose is to like drag it out until you're completely exhausted 241 00:13:23,880 --> 00:13:27,320 and disgusted and you just beg and plead for it to be over. 242 00:13:28,240 --> 00:13:30,400 So, how long do you think it will take before 243 00:13:30,480 --> 00:13:36,640 your investors give it up and I have to crawl back and ask for my old job back? 244 00:13:36,720 --> 00:13:38,640 We have no investors. 245 00:13:39,880 --> 00:13:40,880 I'm the money. 246 00:13:42,920 --> 00:13:47,560 Listen, I'm prepared to put all the money I made in Tradedoubler into this. 247 00:13:49,160 --> 00:13:53,440 Now, look. This probably looks like a start-up to you. 248 00:13:54,240 --> 00:13:58,000 - Please, of course it does, like a lot. - Yes! And it is, absolutely. 249 00:13:58,080 --> 00:14:00,480 But it's not just any start-up. 250 00:14:00,560 --> 00:14:04,880 Because it's the only start-up that has a budget that covers legal costs. 251 00:14:04,960 --> 00:14:07,760 And that's how we'll negotiate with the record companies. 252 00:14:09,120 --> 00:14:14,720 You've worked in organizations that have operated in creative fields, haven't you? 253 00:14:14,800 --> 00:14:17,320 You've represented musicians. 254 00:14:18,120 --> 00:14:19,400 No, not quite, but... 255 00:14:19,480 --> 00:14:23,320 - Yeah, you're a genius. - [laughs] 256 00:14:23,400 --> 00:14:25,640 You're amazing. You took... 257 00:14:25,720 --> 00:14:29,000 You graduated top of your class in law school... 258 00:14:29,080 --> 00:14:32,640 Hm? You did a master's, a two-year master's in one year. 259 00:14:32,720 --> 00:14:35,240 - One and a half, to be precise. - Look at that. 260 00:14:36,120 --> 00:14:39,760 It often takes eight years to become a partner, you became a partner in five. 261 00:14:41,680 --> 00:14:45,080 We want to turn the whole industry upside down, Petra. 262 00:14:46,600 --> 00:14:50,680 You have a chance to be part a part of the new chapter in music history. 263 00:14:51,640 --> 00:14:52,880 To create something. 264 00:14:54,000 --> 00:14:55,680 The only thing we need right now, 265 00:14:56,480 --> 00:15:01,000 is someone who's passionate about the cause and knows the law. 266 00:15:03,720 --> 00:15:09,280 We both know that you're the right person in the right place, right now. 267 00:15:14,600 --> 00:15:17,120 How many songs do you have on that server? 268 00:15:17,200 --> 00:15:18,480 All of them. 269 00:15:19,560 --> 00:15:21,360 You cannot have all the songs on it. 270 00:15:22,320 --> 00:15:24,760 Yes. All of them. 271 00:15:35,760 --> 00:15:38,560 Excuse me please guys, do you mind if I try it again. 272 00:15:38,640 --> 00:15:41,440 Yeah. Here you go. 273 00:15:42,240 --> 00:15:43,760 Thank you, very much. 274 00:15:59,360 --> 00:16:03,200 [mid-tempo music] 275 00:16:13,720 --> 00:16:15,120 [Martin laughs] 276 00:16:15,200 --> 00:16:20,560 [mid-tempo music] 277 00:16:20,640 --> 00:16:22,800 That's my starting salary. 278 00:16:23,840 --> 00:16:25,200 Ow, that hurts! 279 00:16:25,880 --> 00:16:29,760 You can tell the genius in there that from now on, I'm in charge of the legalities. 280 00:16:29,840 --> 00:16:30,840 Okay. 281 00:16:30,920 --> 00:16:32,120 [mid-tempo music] 282 00:16:32,200 --> 00:16:33,720 - Thank you very much. - Thanks. 283 00:16:33,800 --> 00:16:36,200 - Bye. Goodbye. - Take care. 284 00:16:36,280 --> 00:16:37,320 Thank you. 285 00:16:38,000 --> 00:16:39,000 Thanks. 286 00:16:40,840 --> 00:16:44,360 [mid-tempo music] 287 00:16:54,360 --> 00:16:57,160 Do you really think it's realistic to launch is in four weeks? 288 00:16:57,240 --> 00:16:59,520 - Yeah. - Do you know something I don't know? 289 00:16:59,600 --> 00:17:02,361 Because getting the licenses for the music will take longer than that. 290 00:17:02,440 --> 00:17:04,240 But I had to say something, right? 291 00:17:04,320 --> 00:17:07,320 The coders have been ready for months, We need to keep the buzz going. 292 00:17:07,400 --> 00:17:09,920 - The buzz? - Yes. Does anyone have any money? 293 00:17:10,800 --> 00:17:14,440 Yeah, we have the technology. Everything is in place. Thank you. 294 00:17:14,520 --> 00:17:16,359 We just have to keep everyone believing. 295 00:17:16,440 --> 00:17:18,760 Absolutely. Everything's in place except for one thing 296 00:17:18,839 --> 00:17:21,079 Daniel, the music is owned by the record companies. 297 00:17:21,160 --> 00:17:22,960 Yeah. And now they wanna talk to us. 298 00:17:23,040 --> 00:17:25,040 No, they wanna demand royalties until we collapse 299 00:17:25,119 --> 00:17:27,119 just like they do with all other digital start-ups. 300 00:17:27,200 --> 00:17:30,880 That's the thing, we shouldn't have to pay any royalties. We're a platform. 301 00:17:30,960 --> 00:17:33,520 It's not like Google pays for every page they pull up. 302 00:17:33,600 --> 00:17:35,496 But I feel like you don't understand what I mean. 303 00:17:35,520 --> 00:17:37,360 - Niklas, help me! - I hear what you're saying. 304 00:17:37,440 --> 00:17:38,496 Please help me, you have to help me, please. 305 00:17:38,520 --> 00:17:42,400 I get what you're saying. You're saying they won't budge, but neither will we. 306 00:17:42,480 --> 00:17:45,080 We are the future Petra, we make the rules now. 307 00:17:45,160 --> 00:17:49,000 And if they don't get it, well, they can keep getting fucked by Pirate Bay, right? 308 00:17:49,080 --> 00:17:50,320 [laughs] 309 00:17:50,400 --> 00:17:54,840 - Are you guys done now so we can...? - Yeah! We are totally done. 310 00:17:55,960 --> 00:17:57,640 Maybe I'll put the can away. 311 00:17:57,720 --> 00:18:01,960 [laughter] 312 00:18:02,040 --> 00:18:03,720 - Aven? - Hi, Petra. 313 00:18:03,800 --> 00:18:06,040 - Will you be joining us? - Yeah. 314 00:18:07,000 --> 00:18:09,080 - Hey. - Good to see you! 315 00:18:09,160 --> 00:18:11,320 - Yeah, you too. - Please have a seat. 316 00:18:15,520 --> 00:18:16,840 Hello. Hi. 317 00:18:17,440 --> 00:18:18,720 Hi. 318 00:18:18,800 --> 00:18:21,760 [rustling sound] 319 00:18:21,840 --> 00:18:22,840 Welcome. 320 00:18:22,880 --> 00:18:24,920 - Thank you. - Thank you! 321 00:18:25,000 --> 00:18:26,720 I am Maxine Silverson, 322 00:18:26,800 --> 00:18:29,120 a senior adviser to the CEO. 323 00:18:29,200 --> 00:18:32,400 And we really love the BETA-version of Spotify. 324 00:18:32,480 --> 00:18:33,840 - That's great to hear. - Yeah. 325 00:18:33,920 --> 00:18:36,440 I really think that there's something special about it. 326 00:18:36,520 --> 00:18:39,840 [Niklas] The first thing to say is that Spotify is a new model. 327 00:18:39,920 --> 00:18:41,080 It's about access... 328 00:18:41,160 --> 00:18:42,280 I cannot believe it. 329 00:18:42,360 --> 00:18:44,040 [Petra] Sitting right there with Ken Parks. 330 00:18:44,520 --> 00:18:45,960 The attack dog. 331 00:18:47,960 --> 00:18:52,000 He knows every comma, period and semicolon in the law. 332 00:18:53,600 --> 00:18:56,960 He'll smash you in the head with a law book until you beg for mercy. 333 00:18:58,080 --> 00:19:01,160 And you just wish that he was on your side. 334 00:19:06,440 --> 00:19:07,440 I'm sorry? 335 00:19:07,960 --> 00:19:09,560 [Maxine] These are our fees, Daniel. 336 00:19:10,520 --> 00:19:13,640 As I said, we really like your new music client, 337 00:19:13,720 --> 00:19:17,560 and we would love to work with you, but... 338 00:19:17,640 --> 00:19:23,080 If you want to get access to our music, these are our fees. 339 00:19:23,680 --> 00:19:26,800 And for new clients, we usually ask for upfront payment. 340 00:19:27,760 --> 00:19:28,760 Upfront? 341 00:19:29,240 --> 00:19:31,800 [Maxine] Yeah, upfront. 342 00:19:31,880 --> 00:19:33,960 Niklas just explained, we have... 343 00:19:34,040 --> 00:19:36,960 Do you know how many music start-ups I've sat with? 344 00:19:37,040 --> 00:19:39,000 In rooms just like this one. 345 00:19:39,840 --> 00:19:40,840 Hundreds. 346 00:19:41,480 --> 00:19:42,720 You know what I haven't heard? 347 00:19:42,800 --> 00:19:45,400 A single one who has a clue about how they're gonna turn a profit. 348 00:19:45,440 --> 00:19:48,480 - We just explained that. - Talking about your shitty ad revenue? 349 00:19:48,560 --> 00:19:52,680 For a website that has zero users? And which you're not charging for our music? 350 00:19:52,760 --> 00:19:55,760 I know what you're gonna say, "This is a new era. 351 00:19:55,840 --> 00:19:58,960 Google doesn't pay for the sites it displays." 352 00:19:59,040 --> 00:20:00,760 You know what I say to that? 353 00:20:00,840 --> 00:20:04,080 You're building a business on the back of our hard work. 354 00:20:04,160 --> 00:20:09,360 Bob Dylan, Bruce Springsteen, Elvis Presley, Michael fucking Jackson... 355 00:20:10,280 --> 00:20:12,000 You want me to rip them off? 356 00:20:12,960 --> 00:20:15,760 Just hand over their music, so you can make a fucking fortune? 357 00:20:15,840 --> 00:20:18,120 I believe in sustainability. 358 00:20:18,720 --> 00:20:21,280 Is this a sustainable business model? I don't think so. 359 00:20:21,360 --> 00:20:22,840 You know what, this is bullshit. 360 00:20:22,920 --> 00:20:26,480 Your music is being shared and stolen every single day. 361 00:20:26,560 --> 00:20:27,560 - Daniel! - No, listen. 362 00:20:27,600 --> 00:20:30,960 Those artists that you claim to protect, you say it's for them. 363 00:20:31,040 --> 00:20:32,976 Do you think they're happy with the situation right now? 364 00:20:33,000 --> 00:20:34,880 You're losing billions every single year, 365 00:20:34,960 --> 00:20:37,560 we come here with a solution, and this is how you treat us? 366 00:20:37,640 --> 00:20:41,360 If this is your attitude, no wonder the music business is dying. 367 00:20:41,440 --> 00:20:44,400 You deserve to go down. Fucking dinosaurs. 368 00:20:44,480 --> 00:20:46,160 [footsteps] 369 00:20:46,240 --> 00:20:47,400 I'm sorry. 370 00:20:48,440 --> 00:20:50,040 [door clicks] 371 00:20:50,120 --> 00:20:53,840 [chuckles] 372 00:20:53,920 --> 00:20:55,680 [door closes] 373 00:20:56,280 --> 00:20:57,800 [Ken] The world is changing. 374 00:20:58,840 --> 00:21:02,600 but that doesn't mean you get to break the cookie jar and take whatever you want. 375 00:21:04,640 --> 00:21:07,880 But we know what we do, and we know what our music is worth. 376 00:21:07,960 --> 00:21:11,600 But if you want to share, start a nursery. 377 00:21:12,920 --> 00:21:14,720 You want music? 378 00:21:14,800 --> 00:21:15,880 Pay. 379 00:21:21,000 --> 00:21:22,680 1998. 380 00:21:23,200 --> 00:21:25,960 [tense music] 381 00:21:27,600 --> 00:21:30,200 That's the year these were last reviewed. 382 00:21:30,280 --> 00:21:33,200 The same year Britney had her first hit. 383 00:21:33,280 --> 00:21:36,520 And only like four people had heard of the internet... 384 00:21:41,400 --> 00:21:43,960 You think you'll get away with this forever? 385 00:21:44,040 --> 00:21:48,200 [tense music] 386 00:21:48,800 --> 00:21:51,200 You can't use old law for new times. 387 00:21:54,120 --> 00:21:55,320 See you next time. 388 00:22:05,960 --> 00:22:09,040 [Petra] Daniel, we need to go over our strategy for these meetings. 389 00:22:09,120 --> 00:22:09,960 What? Why? 390 00:22:10,040 --> 00:22:13,800 Because it doesn't work for you to berate everyone that we need on our side. 391 00:22:13,880 --> 00:22:16,800 [Daniel] So, fuck getting them on our side then! 392 00:22:16,880 --> 00:22:20,280 If they don't get it, or just don't want to, well then fuck them. 393 00:22:20,360 --> 00:22:21,240 Want some coffee? 394 00:22:21,320 --> 00:22:22,320 [Niklas] Yes, please. 395 00:22:24,320 --> 00:22:27,600 - Everyone thinks we are about to launch. - Yeah and we will. 396 00:22:27,680 --> 00:22:30,440 We can't launch without licenses, that's stupid. 397 00:22:30,520 --> 00:22:33,360 If they won't give us the music, then we'll just have to take it! 398 00:22:33,440 --> 00:22:36,760 What are they going to do about it? Not a fucking thing. It's simple. 399 00:22:37,720 --> 00:22:40,736 I don't you'll you'll find it so simple afterwards when you have to pay damages 400 00:22:40,760 --> 00:22:43,720 for the rest of your life. Now, listen Daniel. 401 00:22:43,800 --> 00:22:45,920 For these people, there is no music. 402 00:22:46,000 --> 00:22:50,080 There's only ownership and rights. There's publishing, digital rights. 403 00:22:50,160 --> 00:22:53,440 There's rights over masters, mechanical rights... 404 00:22:53,520 --> 00:22:54,840 Mechanical rights? 405 00:22:54,920 --> 00:23:00,160 A special license for those self-playing pianos they had in the Wild West. 406 00:23:00,240 --> 00:23:02,560 I'm not a self-playing piano. 407 00:23:03,720 --> 00:23:06,520 You know what? According to the law, you actually are. 408 00:23:09,080 --> 00:23:13,360 - All good with the accountant? - Yes, we've just run into a few obstacles. 409 00:23:13,440 --> 00:23:18,000 I've been put on temporary trading suspension for at least a year. 410 00:23:18,640 --> 00:23:20,240 - What did you just say? - What? 411 00:23:21,520 --> 00:23:25,280 Wait, hold on a second. Tradedoubler is what keeps this place afloat. 412 00:23:25,360 --> 00:23:27,040 Yes, that's right. 413 00:23:27,120 --> 00:23:30,200 But I had to sell a bit more than I thought and... [chuckles] 414 00:23:30,280 --> 00:23:33,920 Well, I risk being accused of stock dumping. 415 00:23:34,000 --> 00:23:37,120 We can't talk about this here. Let's go to one of the other rooms. Okay? 416 00:23:41,160 --> 00:23:42,400 Okay. 417 00:23:43,840 --> 00:23:45,360 We just need a sponsor 418 00:23:45,440 --> 00:23:47,400 and the launch party is gonna be so fucking great. 419 00:23:47,440 --> 00:23:48,760 [Daniel] Hmm, cool. 420 00:23:48,840 --> 00:23:51,480 Word's already out, I think people are getting excited. 421 00:23:51,560 --> 00:23:52,720 [Daniel] Well done! Good job! 422 00:23:53,240 --> 00:23:55,200 - It's going to be awesome! - That's great! 423 00:23:55,880 --> 00:23:56,880 Thanks! 424 00:24:03,000 --> 00:24:04,520 [sighs] 425 00:24:06,720 --> 00:24:08,840 Okay, and about how long do we have left? 426 00:24:09,880 --> 00:24:12,120 - If we're lucky, four, five... - [Petra] Months? 427 00:24:12,200 --> 00:24:13,360 No. Weeks. 428 00:24:17,920 --> 00:24:21,400 I know, it's my fault. We have four weeks to launch. 429 00:24:22,800 --> 00:24:26,760 I'll get the money. How did the meeting go? 430 00:24:26,840 --> 00:24:30,480 Ask Daniel, he snapped and told the head lawyer at Sony to go to hell. 431 00:24:30,560 --> 00:24:31,616 - [Daniel] No, I didn't. - [Petra] You did. 432 00:24:31,640 --> 00:24:33,440 - No, not directly. - Daniel... 433 00:24:33,520 --> 00:24:37,040 Please! I get so fucking tired of these people who think they know everything. 434 00:24:37,120 --> 00:24:39,576 - [Martin] So what the hell do we do? - We obviously have to compromise. 435 00:24:39,600 --> 00:24:40,736 - No way. - [Petra] Would you rather 436 00:24:40,760 --> 00:24:43,800 - sacrifice the company instead? - We won't sacrifice, we have a strategy. 437 00:24:43,880 --> 00:24:45,840 And that strategy isn't working, Daniel. 438 00:24:46,720 --> 00:24:48,576 Here's the thing, when you brought me in as a lawyer, 439 00:24:48,600 --> 00:24:51,680 you wanted someone who could get the licenses. 440 00:24:51,760 --> 00:24:54,600 We'll never get the licenses acting like this. 441 00:24:54,680 --> 00:24:58,760 It's crucial to be the adults in the room, and not some whiny kids. 442 00:24:58,840 --> 00:25:01,600 We need to show the industry that we've bring solutions. 443 00:25:01,680 --> 00:25:04,160 I know these people! I've worked with them. 444 00:25:04,240 --> 00:25:07,600 I know how they work. I need to be in charge of conversation when we negotiate. 445 00:25:07,680 --> 00:25:11,000 Whatever you need to get the deal done, Petra, do it. 446 00:25:11,080 --> 00:25:14,640 Well to begin, we want to ignore Sony for now, and focus on other companies. 447 00:25:14,720 --> 00:25:17,320 We have Universal, Warner, EMI. 448 00:25:17,400 --> 00:25:21,600 We just need to get one of these companies over and the others will come themselves. 449 00:25:21,680 --> 00:25:24,280 [Niklas] Then I think we should focus on Warner. 450 00:25:24,360 --> 00:25:27,160 I looked at the results of last year's CPR. 451 00:25:27,240 --> 00:25:31,840 There's no other company that's been hit as hard by piracy as Warner. 452 00:25:31,920 --> 00:25:34,120 If anyone needs this deal, it's clearly them. 453 00:25:34,200 --> 00:25:35,320 [Daniel] Perfect. 454 00:25:35,400 --> 00:25:40,440 Good, Niklas. And one more thing, Niklas and I will take care of that meeting. 455 00:25:40,520 --> 00:25:43,680 [soft music] 456 00:25:46,920 --> 00:25:48,520 [sighs] 457 00:25:50,280 --> 00:25:51,480 Okay. 458 00:25:54,040 --> 00:25:56,320 [phone rings] 459 00:25:56,400 --> 00:25:59,760 [phone ringing] 460 00:26:06,040 --> 00:26:09,920 Hey Aven, I was just about to go out to lunch. 461 00:26:10,000 --> 00:26:11,040 [Aven] I brought you some. 462 00:26:13,200 --> 00:26:15,080 Wait, you're here now? 463 00:26:15,960 --> 00:26:17,240 Hi. 464 00:26:18,040 --> 00:26:21,920 [indistinct chatter] 465 00:26:24,160 --> 00:26:25,200 Okay... 466 00:26:27,120 --> 00:26:30,640 Hi! It's so good to see you. 467 00:26:30,720 --> 00:26:34,520 - Hello! - Hi. Okay, so sorry! Gosh. Sit down. 468 00:26:34,600 --> 00:26:37,720 - Lively... Ouch, what the fuck? - So nice that you came. 469 00:26:38,400 --> 00:26:40,560 - Take the toys outside. - Ah sure. Yes, sure. 470 00:26:42,000 --> 00:26:43,680 [sighs] 471 00:26:43,760 --> 00:26:47,240 So this is the place you left your nice job at Smith for? 472 00:26:47,320 --> 00:26:51,080 Don't take this the wrong way, but the meeting with Sony... 473 00:26:51,160 --> 00:26:54,880 Why didn't they let you run the negotiations? That was embarrassing. 474 00:26:54,960 --> 00:26:58,920 It was, I agree. But now it's sorted. I'm handling negotiations from now on. 475 00:26:59,000 --> 00:27:02,040 Okay. I hope so. He's tough, Ken Parks. 476 00:27:02,120 --> 00:27:04,160 I really wouldn't want to be in your position. 477 00:27:06,680 --> 00:27:09,760 So... Well, it may not seem like it, but... 478 00:27:09,840 --> 00:27:14,480 these guys are doing something really big. It's gonna change the music industry. 479 00:27:15,400 --> 00:27:16,680 I promise you. 480 00:27:16,760 --> 00:27:20,680 Look. Why do you think the boss put me in that meeting? 481 00:27:20,760 --> 00:27:24,560 He's furious you left, he'll do anything to make sure you don't get a deal. 482 00:27:25,240 --> 00:27:27,680 He's already contacted half of Stockholm's record companies. 483 00:27:27,760 --> 00:27:29,000 He's also an idiot. 484 00:27:29,600 --> 00:27:32,920 Petra... you can't win this. 485 00:27:33,520 --> 00:27:36,760 I mean the best you can do is come back before it's too late. 486 00:27:36,840 --> 00:27:38,320 You sure about that? 487 00:27:39,520 --> 00:27:42,440 You know damn well the record companies would never let go of their music. 488 00:27:43,200 --> 00:27:45,640 - I guess we'll see. - Mhm. Okay. 489 00:27:47,680 --> 00:27:48,936 Besides, it's a lot of fun here. 490 00:27:48,960 --> 00:27:52,760 Fun? Are you a lawyer or some kind of daycare worker? 491 00:27:54,120 --> 00:27:56,600 - Petra. Can we talk? - Yeah. 492 00:27:56,680 --> 00:27:58,120 Mm. What is it? 493 00:27:59,560 --> 00:28:01,880 - Warner wants to meet with us. - Okay. 494 00:28:01,960 --> 00:28:05,160 [indistinct chatter] 495 00:28:07,200 --> 00:28:10,200 - I'm sorry, but I have to go. - What? We haven't finished lunch... 496 00:28:10,280 --> 00:28:11,320 Yeah, I know. 497 00:28:11,400 --> 00:28:16,120 And I have an appointment that I, that I completely forgot about and... 498 00:28:16,200 --> 00:28:18,000 - Alright. - I'm totally sorry, but... 499 00:28:18,080 --> 00:28:21,240 - I'll clean up. - Hey, thanks a lot for the sushi. 500 00:28:21,320 --> 00:28:23,800 Okay, it was too short this time but see you again soon. 501 00:28:23,880 --> 00:28:26,800 - Don't forget what I told you. I mean it. - I won't. 502 00:28:26,880 --> 00:28:28,160 - Petra. - Yeah? 503 00:28:28,240 --> 00:28:30,000 - Check this out. - What's this? 504 00:28:30,080 --> 00:28:31,736 Something Andreas and I have been working on. 505 00:28:31,760 --> 00:28:32,760 And what is it? 506 00:28:33,160 --> 00:28:34,760 User statistics. 507 00:28:36,800 --> 00:28:38,640 - Can I take this with me? - Hmm mh. 508 00:28:38,720 --> 00:28:40,800 Thank you. See you later. 509 00:28:40,880 --> 00:28:44,560 [indistinct chatter] 510 00:28:46,440 --> 00:28:50,240 [elevator door opens] 511 00:28:55,880 --> 00:28:57,440 What the fuck? 512 00:29:00,720 --> 00:29:02,600 Daniel, what are you doing here? 513 00:29:02,680 --> 00:29:05,760 - Thought I'd join the meeting. - Didn't we agree on this? 514 00:29:05,840 --> 00:29:08,280 I won't say a word, I promise. You do the talking. 515 00:29:08,360 --> 00:29:09,360 Okay. 516 00:29:09,440 --> 00:29:10,600 [door clicks] 517 00:29:14,640 --> 00:29:15,920 Daniel! 518 00:29:16,000 --> 00:29:19,280 We have an opening with Warner now! We don't have time to wait, Daniel. 519 00:29:19,360 --> 00:29:21,640 A paywall? A fucking paywall? 520 00:29:21,720 --> 00:29:25,320 Well we needed to come up with something new, and they listened, didn't they? 521 00:29:26,800 --> 00:29:31,760 I swear, for as long as I live, not a single song will be behind a paywall. 522 00:29:31,840 --> 00:29:33,640 Come on Daniel! 523 00:29:36,320 --> 00:29:38,200 Daniel, you have to give them something. 524 00:29:38,280 --> 00:29:42,320 You can't just take all the songs and then give nothing back. 525 00:29:42,400 --> 00:29:46,120 [footsteps] 526 00:29:48,880 --> 00:29:52,280 [indistinct chatter] 527 00:29:52,360 --> 00:29:53,360 Hi. 528 00:29:54,520 --> 00:29:55,680 [indistinct chatter] 529 00:29:56,960 --> 00:29:58,080 [Martin] What happened? 530 00:29:59,840 --> 00:30:02,280 [Martin] Okay so, what's going on? 531 00:30:02,360 --> 00:30:05,360 [Daniel] Remember that meeting I wasn't supposed to be at, 532 00:30:05,440 --> 00:30:08,160 [Daniel] Petra has told all the record companies that she should have 533 00:30:08,240 --> 00:30:09,680 this fucking paywall service. 534 00:30:10,240 --> 00:30:11,896 [Daniel] She undermines me at these meetings 535 00:30:11,920 --> 00:30:13,440 [Daniel] and so do you! 536 00:30:13,520 --> 00:30:15,560 [Daniel] You're trying to sell a product... 537 00:30:15,640 --> 00:30:18,040 Andreas. Do you have a moment? 538 00:30:18,120 --> 00:30:20,160 - [Andreas] What's up? - Uhm... 539 00:30:20,240 --> 00:30:22,480 Why don't you come with me to Daniel's office. 540 00:30:22,560 --> 00:30:25,200 - Bring your laptop. - Okay. 541 00:30:27,200 --> 00:30:28,480 Why? 542 00:30:28,560 --> 00:30:32,440 I wanted to show them that thing you and Ludvig have been working on. 543 00:30:32,520 --> 00:30:33,600 Which thing? 544 00:30:33,680 --> 00:30:35,840 The user statistics. 545 00:30:35,920 --> 00:30:38,520 Uhm... [clears throat] 546 00:30:38,600 --> 00:30:40,600 [Andreas] These are our user statistics. 547 00:30:40,680 --> 00:30:43,880 On the left, you can see an artist's stats, data from yesterday. 548 00:30:43,960 --> 00:30:45,720 And on the right is the data for today. 549 00:30:45,800 --> 00:30:50,040 You can see live how a song is trending and what songs people prefer, 550 00:30:50,120 --> 00:30:52,760 and how we can help them find what they're looking for. 551 00:30:52,840 --> 00:30:57,200 It's a functionality I thought would take a while to implement, but it was quick. 552 00:30:58,040 --> 00:31:02,120 This gives record companies a whole new insight into their own market. 553 00:31:02,200 --> 00:31:04,720 Do you realize how powerful that is in negotiations? 554 00:31:04,800 --> 00:31:06,680 [Daniel] This feature is for the users. 555 00:31:07,280 --> 00:31:08,120 And the artists. 556 00:31:08,200 --> 00:31:09,696 - Look, Daniel... - Spotify belongs to them. 557 00:31:09,720 --> 00:31:12,760 Well the problem is, it's not the users and the artists who own the music. 558 00:31:12,840 --> 00:31:18,160 I will not give this data to the record companies and I will not accept a paywall! 559 00:31:18,240 --> 00:31:20,640 Paywall? No, that doesn't work. 560 00:31:20,720 --> 00:31:22,696 We won't get a single user from Pirate Bay to our side. 561 00:31:22,720 --> 00:31:26,880 Okay well, how the hell were you planning on paying the musicians? 562 00:31:26,960 --> 00:31:29,600 If people are willing to pay for beer and candy, 563 00:31:29,680 --> 00:31:31,440 they can be willing to pay for music. 564 00:31:31,520 --> 00:31:36,240 I'm absolutely convinced that you'd want to pay for something better than piracy. 565 00:31:36,320 --> 00:31:40,760 If people were as willing to pay for music like beer and candy, they'd do it. Then... 566 00:31:40,840 --> 00:31:43,080 we won't be here. And frankly Petra, I don't 567 00:31:43,160 --> 00:31:44,040 think that you get the point. 568 00:31:44,120 --> 00:31:47,120 We're a tech company, we don't want to be the music industry. 569 00:31:47,200 --> 00:31:49,800 I'm not interested in giving them a fucking thing! 570 00:31:49,880 --> 00:31:52,120 What I want is their product on our platform. 571 00:31:52,200 --> 00:31:53,080 That's it! 572 00:31:53,160 --> 00:31:56,720 You are in the music industry, you have been since you 573 00:31:56,800 --> 00:32:00,440 came up with the whole idea of Spotify. If you can't see that, then I'm sorry to say 574 00:32:00,520 --> 00:32:02,440 I think you're in the wrong fucking industry! 575 00:32:02,520 --> 00:32:07,200 It's not a part of Spotify's vision to work for the record labels, is it? 576 00:32:07,280 --> 00:32:09,640 [Martin] It's not part of your vision, Daniel. 577 00:32:09,720 --> 00:32:11,320 [tense music] 578 00:32:11,400 --> 00:32:13,880 There are a lot of people working to make this happen. 579 00:32:14,480 --> 00:32:16,840 And they've put an incredible amount of effort into Spotify. 580 00:32:18,280 --> 00:32:21,320 If it takes a little compromise to make this happen, 581 00:32:21,400 --> 00:32:23,120 then that's what we have to do, right? 582 00:32:24,840 --> 00:32:27,160 I will handle all the negotiations from now on. 583 00:32:27,760 --> 00:32:31,080 [tense music] 584 00:32:41,920 --> 00:32:42,920 Okay. 585 00:32:45,480 --> 00:32:50,240 Well then in that case, I guess I don't have much more to add. And, I guess... 586 00:32:52,240 --> 00:32:56,280 I jumped on board because I thought we were building something long-term. 587 00:32:57,840 --> 00:33:00,400 Because I thought it was fun, because I really thought that this, 588 00:33:00,480 --> 00:33:03,000 this was something really good. 589 00:33:03,080 --> 00:33:08,560 That it was smart, that it was intuitive. But if you refuse to listen, then... 590 00:33:08,640 --> 00:33:11,520 Then I don't even know what I'm doing here. Sorry, but I'm done. 591 00:33:11,600 --> 00:33:14,600 No, we are listening. Right, Daniel? 592 00:33:15,560 --> 00:33:16,560 Daniel! 593 00:33:17,080 --> 00:33:21,600 [tense music] 594 00:33:23,640 --> 00:33:27,560 [Petra] I'll send you the agreements and files I started later. 595 00:33:27,640 --> 00:33:30,400 - [Martin] Petra, you have a contract... - Come on, please Martin. 596 00:33:30,480 --> 00:33:32,760 You can't even pay my salary. 597 00:33:34,080 --> 00:33:36,000 [indistinct chatter] 598 00:33:38,800 --> 00:33:42,080 [soft music] 599 00:33:59,400 --> 00:34:05,720 ♪ Save me ♪ 600 00:34:05,800 --> 00:34:08,880 ♪ Somebody save me ♪ 601 00:34:10,640 --> 00:34:15,040 ♪ Save me, somebody save me ♪ 602 00:34:17,400 --> 00:34:22,120 ♪ I promised myself After the last romance ♪ 603 00:34:22,199 --> 00:34:25,360 ♪ That I won't give it a second chance ♪ 604 00:34:25,440 --> 00:34:31,280 ♪ They said you seek, you're sure to Find and I know how true that is ♪ 605 00:34:31,360 --> 00:34:36,080 ♪ Cos the closer I get to you baby ♪ 606 00:34:36,159 --> 00:34:39,880 ♪ You're driving me clean out of my mind ♪ 607 00:34:39,960 --> 00:34:43,639 ♪ I say save me ♪ 608 00:34:43,719 --> 00:34:47,480 ♪ Somebody, save me ♪ 609 00:34:47,560 --> 00:34:51,360 ♪ Anybody save me ♪ 610 00:34:51,440 --> 00:34:55,080 ♪ Somebody save me ♪ 611 00:34:55,159 --> 00:35:00,280 ♪ Those who love always give the most ♪ 612 00:35:00,360 --> 00:35:01,239 [Petra] Carl. 613 00:35:01,320 --> 00:35:04,520 ♪ Together from coast to coast ♪ 614 00:35:04,600 --> 00:35:07,800 ♪ Love makes me cold and hurt inside ♪ 615 00:35:07,880 --> 00:35:08,920 Hi, Linda. 616 00:35:09,000 --> 00:35:13,200 ♪ These tears of ours are justified Begging ya to save me ♪ 617 00:35:23,960 --> 00:35:25,760 - Welcome Petra. - Thank you. 618 00:35:26,600 --> 00:35:29,640 A lot of us here at the office are happy to see you again. 619 00:35:30,840 --> 00:35:31,840 That's nice to hear. 620 00:35:32,840 --> 00:35:35,200 This little excursion you went on 621 00:35:35,280 --> 00:35:38,760 shows in itself that you have initiative and flexibility. 622 00:35:38,840 --> 00:35:42,920 And that... that can be good. 623 00:35:43,000 --> 00:35:47,280 But at the same time, it was good you realized your mistake, Petra. 624 00:35:47,360 --> 00:35:52,240 Those startups, they rarely succeed. 625 00:35:52,320 --> 00:35:56,920 So, having said that, here's the plan I have for you. 626 00:35:57,000 --> 00:36:01,360 You're going to take over the Corporate Commercial group 627 00:36:01,440 --> 00:36:04,600 and Aven and her group are going to work under you. 628 00:36:04,680 --> 00:36:08,520 And, of course, you will also be entitled to 629 00:36:08,600 --> 00:36:12,240 the annual bonus as a full senior partner. 630 00:36:12,840 --> 00:36:15,680 - Senior? - Yeah. You're worth it, Petra. 631 00:36:20,880 --> 00:36:22,280 - Can I think about it? - No. 632 00:36:22,360 --> 00:36:26,240 You may not do that. You're not gonna fuck me over twice. 633 00:36:27,120 --> 00:36:29,680 If you're not here after the board meeting, well... 634 00:36:29,760 --> 00:36:32,160 I really hope you understand the gravity of this. 635 00:36:34,120 --> 00:36:37,600 - I'll see you at the meeting tomorrow. - You will? Good. 636 00:36:38,640 --> 00:36:39,560 - Thanks. - Bye. 637 00:36:39,640 --> 00:36:43,280 [footsteps] 638 00:37:01,640 --> 00:37:02,640 Thanks. 639 00:37:03,440 --> 00:37:05,240 - Cheers! - Cheers! 640 00:37:07,200 --> 00:37:08,640 Hmm. 641 00:37:08,720 --> 00:37:11,360 Ew, what the hell is this, Niklas? 642 00:37:11,440 --> 00:37:14,720 This is a very unusual Belgian beer. 643 00:37:14,800 --> 00:37:19,800 That some monks brewed in a monastery with a very secret recipe. 644 00:37:19,880 --> 00:37:21,520 - Yeah, okay. - [Niklas laughs] 645 00:37:22,120 --> 00:37:26,320 You've only come here to get me drunk and then persuade me to come back. 646 00:37:26,920 --> 00:37:29,240 Admit it. That's what this is. 647 00:37:29,320 --> 00:37:34,720 No. I'm a good enough negotiator to know I can't talk you into coming back. 648 00:37:34,800 --> 00:37:36,680 [laughs] 649 00:37:36,760 --> 00:37:41,120 And I also know that Daniel can be a really stubborn bastard. 650 00:37:41,200 --> 00:37:44,600 But, I know he'll come around. 651 00:37:45,440 --> 00:37:46,720 He just needs some time. 652 00:37:46,800 --> 00:37:48,040 We don't have time. 653 00:37:48,120 --> 00:37:51,200 And he knows that, he does. Jesus, Petra. 654 00:37:51,280 --> 00:37:54,120 He knows exactly what kind of mess we're in. Huh? 655 00:37:54,200 --> 00:37:57,560 That's why we need you. 656 00:37:57,640 --> 00:38:01,520 Or... I need you. I can't do this by myself. 657 00:38:01,600 --> 00:38:03,040 I think it's crazy out there. 658 00:38:05,240 --> 00:38:08,960 But I'm positive that there must be a right way to do this, Niklas. 659 00:38:09,040 --> 00:38:11,160 I mean on the one hand, 660 00:38:11,240 --> 00:38:13,840 there's Daniel with his wild west fantasies 661 00:38:13,920 --> 00:38:17,840 where he'll screw every musician and probably go bankrupt within six months. 662 00:38:18,440 --> 00:38:22,720 And on the other hand, the record companies want to control everything 663 00:38:22,800 --> 00:38:26,640 and stop every new idea regarding music consumption in the future. 664 00:38:26,720 --> 00:38:29,440 The whole world is inevitably going digital. 665 00:38:29,520 --> 00:38:33,200 And pretty soon, all music will end up on these platforms. 666 00:38:33,280 --> 00:38:34,920 That I'm sure of it. 667 00:38:35,000 --> 00:38:37,760 [indistinct chatter] 668 00:38:37,840 --> 00:38:40,040 There has to be a way to launch this platform. 669 00:38:43,400 --> 00:38:45,920 It's just so frustrating that I can't think of it. 670 00:38:51,480 --> 00:38:52,480 Thanks. 671 00:38:56,480 --> 00:38:59,440 [footsteps] 672 00:38:59,520 --> 00:39:02,200 Hmm... Great. 673 00:39:02,280 --> 00:39:05,520 - Good morning, sorry I'm late. - Would you mind shutting the door? 674 00:39:05,600 --> 00:39:08,440 - Yep. - Yeah, uhm... 675 00:39:08,520 --> 00:39:09,800 Oh gosh, I'm sorry! 676 00:39:12,160 --> 00:39:15,840 Go ahead and sit down. Welcome everyone now to our 677 00:39:15,920 --> 00:39:21,160 ninth board meeting. Specifically special welcome to you, Petra Hansson, who... 678 00:39:21,240 --> 00:39:24,000 Oh fuck! Sorry! 679 00:39:24,080 --> 00:39:28,800 Excuse me... I inherited this from my grandmother and, 680 00:39:28,880 --> 00:39:32,360 well, it's... She's dead, so... I care about it, thank you very much? 681 00:39:34,120 --> 00:39:37,000 Thank you. I'm sorry. 682 00:39:39,200 --> 00:39:41,080 Petra, can we keep going? 683 00:39:41,160 --> 00:39:44,800 Absolutely. I apologize, I'm so sorry. It just... 684 00:39:46,080 --> 00:39:50,200 [boss] Okay. As you can see here, 685 00:39:50,280 --> 00:39:54,720 we have a lot to discuss, more than we have time to devote to the meeting, 686 00:39:54,800 --> 00:39:58,320 this morning. So, let's start with point number one... 687 00:40:05,720 --> 00:40:08,920 - Excuse me! - [boss] Petra! 688 00:40:09,000 --> 00:40:11,960 [footsteps] 689 00:40:13,880 --> 00:40:17,440 Hi! Hey! Niklas. Come with me. 690 00:40:17,520 --> 00:40:19,320 What the hell? 691 00:40:19,400 --> 00:40:21,440 - Hi. Come with me to Daniel's office. - What's up? 692 00:40:21,520 --> 00:40:23,160 [Martin] Absolutely. 693 00:40:24,880 --> 00:40:27,760 [Daniel] Other companies take some time to make the money... 694 00:40:27,840 --> 00:40:28,856 - [Sophia] Petra? Hi. - [Daniel] Petra? 695 00:40:28,880 --> 00:40:32,840 - Hi. Sorry to interrupt your meeting. - What are you doing here? 696 00:40:32,920 --> 00:40:37,800 I just... I'd like to present something. Here, Daniel, you take this. 697 00:40:37,880 --> 00:40:38,720 What is it? 698 00:40:38,800 --> 00:40:42,680 You will basically just start making your own necklace. Come on, go ahead. 699 00:40:42,760 --> 00:40:45,880 - Petra, seriously? - Yes! Here you go, guys... So, uh... 700 00:40:45,960 --> 00:40:47,576 Please, we don't have time for this, I just... 701 00:40:47,600 --> 00:40:50,280 This here, is an album. 702 00:40:50,360 --> 00:40:51,680 This is also an album. 703 00:40:51,760 --> 00:40:55,120 And every bead is a song or a stream. 704 00:40:55,200 --> 00:40:58,720 But maybe I don't want a monochrome necklace. 705 00:40:58,800 --> 00:41:01,120 I'll just keep one bead from there, 706 00:41:01,200 --> 00:41:04,760 and then maybe I'll take one bead from here, 707 00:41:04,840 --> 00:41:09,720 then maybe I'll take one from here, then I'll take the yellow one there... 708 00:41:09,800 --> 00:41:11,240 Then maybe I'll take... 709 00:41:11,320 --> 00:41:14,640 - No, that's depressing, I won't take that. - [Martin laughs] 710 00:41:14,720 --> 00:41:18,520 This one puts me in a good mood. It just makes me feel like this... 711 00:41:18,600 --> 00:41:20,560 - Alive now! - [Martin laughs] 712 00:41:20,640 --> 00:41:22,656 - What's the point of all this? - I'm coming to that. 713 00:41:22,680 --> 00:41:23,800 All these beads can be used 714 00:41:23,880 --> 00:41:27,000 as many times as you like for different necklaces. 715 00:41:27,600 --> 00:41:29,096 - [Sophia chuckles] - Oh my God, Sophia! Wow! 716 00:41:29,120 --> 00:41:31,840 Look at this playlist we have right here, 717 00:41:31,920 --> 00:41:37,560 made from great songs that were previously only available in separate albums. 718 00:41:37,640 --> 00:41:40,720 - I don't get this, playlists aren't new. - No, they aren't. 719 00:41:41,320 --> 00:41:44,040 - Unfortunately, I'm going to cut this one. - No! You're not! 720 00:41:44,120 --> 00:41:45,360 Why not? 721 00:41:45,440 --> 00:41:47,560 - Because it's mine. - You want to keep it? 722 00:41:47,640 --> 00:41:49,440 - Yes. - Why though? 723 00:41:49,520 --> 00:41:52,160 Because it's nice, because it's mine, because I made it. 724 00:41:52,240 --> 00:41:55,680 Ah ha! You want to keep it because you made it? Because it's yours? 725 00:41:55,760 --> 00:41:59,200 Because it might even feel a bit unique and special and even personal? 726 00:41:59,280 --> 00:42:05,480 This here is a playlist that a user has spent hours creating. 727 00:42:05,560 --> 00:42:11,720 That user who spent hours on it will pay to keep this one and create new ones. 728 00:42:11,800 --> 00:42:12,840 - Seriously? - Yes. 729 00:42:12,920 --> 00:42:15,520 You came here to say that Spotify should be a paid service, again? 730 00:42:15,600 --> 00:42:18,600 No, Daniel. Spotify is free. 731 00:42:18,680 --> 00:42:22,080 But what we charge for is Spotify Premium. 732 00:42:22,160 --> 00:42:23,680 - Premium? - Yes. 733 00:42:23,760 --> 00:42:26,360 You've been right all along, Spotify should be free. 734 00:42:26,440 --> 00:42:29,640 We should give our users access to the full catalog, 735 00:42:29,720 --> 00:42:32,080 otherwise, we'll lose them to the pirates and we 736 00:42:32,160 --> 00:42:34,880 we don't want that, we want to keep our users, right? 737 00:42:34,960 --> 00:42:40,640 But that doesn't stop us from being able to charge for certain elements. 738 00:42:41,640 --> 00:42:44,600 You should get paid for the fantastic work 739 00:42:44,680 --> 00:42:47,480 You all do here daily. You, and you, and you, 740 00:42:47,560 --> 00:42:50,600 what you're doing here, we're going to charge for that. 741 00:42:50,680 --> 00:42:55,160 The music won't be put behind a paywall, but some parts of the technology will be. 742 00:42:55,240 --> 00:42:57,920 [Niklas] Yeah, that's fucking great. 743 00:42:58,000 --> 00:43:01,200 So we keep a free membership level to attract new users. 744 00:43:01,280 --> 00:43:04,880 Exactly, Niklas! That's exactly how we should be thinking. 745 00:43:04,960 --> 00:43:09,160 You haven't paid for it yet. Let's create a hybrid. 746 00:43:09,240 --> 00:43:13,600 We're give the same freedom as the pirates, so access for all, 747 00:43:13,680 --> 00:43:19,240 but then, we're use Andreas and Ludvig's brilliant technology to sharpen 748 00:43:19,320 --> 00:43:21,680 the benefits of the Premium service, 749 00:43:21,760 --> 00:43:24,240 so that eventually, everyone will want to pay for it. 750 00:43:24,320 --> 00:43:28,320 Our end game will be to get as many people as possible 751 00:43:28,400 --> 00:43:30,240 over to the paying subscription. 752 00:43:30,840 --> 00:43:35,240 I might come back if... we're doing this. 753 00:43:35,320 --> 00:43:37,296 This is taking the business in a fucking dangerous direction. 754 00:43:37,320 --> 00:43:38,160 Oh Jesus, come on! 755 00:43:38,240 --> 00:43:40,960 [Petra] No, it isn't, Andreas, this gives us a business. 756 00:43:41,040 --> 00:43:42,280 [Sophia] I'd pay for that. 757 00:43:42,360 --> 00:43:45,000 - [Niklas] Yeah, me too. - We don't need to compromise. 758 00:43:45,080 --> 00:43:49,280 To do business, you have to be able to negotiate with your suppliers. 759 00:43:49,360 --> 00:43:54,040 Exactly! And you also need a sustainable business model and here, 760 00:43:54,120 --> 00:43:55,600 here you have one. 761 00:43:55,680 --> 00:43:58,200 The dream was not to take everything that is good 762 00:43:58,280 --> 00:44:00,440 and lock it up and then charge for it. 763 00:44:02,120 --> 00:44:05,880 Daniel, Petra is right. It's now or never. 764 00:44:06,920 --> 00:44:09,120 - You would have paid for this? - Absolutely. 765 00:44:12,280 --> 00:44:14,720 [laughs] 766 00:44:17,120 --> 00:44:19,120 - Alright, let's go! Welcome back! - [laughs] 767 00:44:19,200 --> 00:44:20,200 [upbeat music] 768 00:44:21,200 --> 00:44:26,000 [upbeat music] 769 00:44:27,160 --> 00:44:29,720 ♪ Sometimes it's gonna be days like this ♪ 770 00:44:29,800 --> 00:44:32,120 ♪ Sometimes it's gonna be rain like this ♪ 771 00:44:32,200 --> 00:44:34,560 ♪ Sometimes you're Gonna feel pain like this ♪ 772 00:44:34,640 --> 00:44:37,560 ♪ Sometimes you gotta work hard for it ♪ 773 00:44:37,640 --> 00:44:42,200 ♪ 'Cause when you feeling low And you can't get no lower ♪ 774 00:44:42,280 --> 00:44:47,080 ♪ That's when you know you're close Sometimes you gotta work hard for it ♪ 775 00:44:48,400 --> 00:44:50,040 Hello, hi. 776 00:44:50,120 --> 00:44:51,440 Oh, hi. 777 00:44:52,160 --> 00:44:55,120 This is our new lawyer, Tom Herluison. 778 00:44:55,200 --> 00:44:57,680 MD for Smith and Ardehn. 779 00:44:57,760 --> 00:44:59,320 - Yeah, we know each other. - Oh you do? 780 00:44:59,400 --> 00:45:01,720 Yeah. What happened to Ken Parks? 781 00:45:02,520 --> 00:45:06,360 He's in New York, he works as a free agent now. 782 00:45:06,440 --> 00:45:09,040 - Okay. - So... 783 00:45:09,120 --> 00:45:10,640 Okay, shall we start? 784 00:45:10,720 --> 00:45:12,080 Yeah, let's start! 785 00:45:16,600 --> 00:45:18,160 It's good to see you all! 786 00:45:18,240 --> 00:45:20,760 And since our last meeting we've started 787 00:45:20,840 --> 00:45:22,720 - or created a new... - The answer is no. 788 00:45:22,800 --> 00:45:23,800 Sorry? 789 00:45:23,880 --> 00:45:28,320 I looked through your paperwork, and your offer is still not good enough. 790 00:45:28,400 --> 00:45:29,720 The answer is no. 791 00:45:31,960 --> 00:45:33,200 Oh... 792 00:45:48,320 --> 00:45:51,120 [tense music] 793 00:45:54,320 --> 00:45:55,400 [Petra] "No"? 794 00:45:56,480 --> 00:45:59,760 These negotiations have been in the works for over two years, close to an agreement 795 00:46:00,600 --> 00:46:02,640 and then, suddenly, "no"? 796 00:46:02,720 --> 00:46:04,320 What the hell was that about? 797 00:46:05,920 --> 00:46:08,320 Did they simply want to destroy every startup? 798 00:46:09,320 --> 00:46:14,280 If Spotify ever was to see the light of day, I'd have to take a risk. 799 00:46:14,360 --> 00:46:16,920 I needed to find someone on the inside. 800 00:46:17,000 --> 00:46:19,880 who understood the big picture. 801 00:46:19,960 --> 00:46:21,480 An attack dog. 802 00:46:22,960 --> 00:46:24,760 [whirring sound] 803 00:46:24,840 --> 00:46:30,000 [siren blaring] 804 00:46:46,760 --> 00:46:48,280 [buzzing sound] 805 00:46:50,520 --> 00:46:52,000 [door clicks] 806 00:46:56,240 --> 00:47:00,000 The problem is your guy made Spotify so good and they want a piece of it. 807 00:47:01,120 --> 00:47:02,160 A big one. 808 00:47:03,280 --> 00:47:05,960 They want to own a part of Spotify? 809 00:47:06,040 --> 00:47:07,480 How much? 810 00:47:08,560 --> 00:47:11,880 50%. Or you don't get the rights. 811 00:47:13,160 --> 00:47:15,800 They think you're desperate enough to agree. 812 00:47:15,880 --> 00:47:19,880 Well, Daniel will never give away 50% of his business. 813 00:47:22,800 --> 00:47:24,520 What's the time in Stockholm now? 814 00:47:26,080 --> 00:47:27,440 I don't know, why? 815 00:47:27,520 --> 00:47:28,560 We'll call him. 816 00:47:29,920 --> 00:47:33,400 If Daniel opens the door, maybe they'll do the same. 817 00:47:34,560 --> 00:47:37,280 And... with your help... 818 00:47:38,600 --> 00:47:39,600 If you and I team up. 819 00:47:40,760 --> 00:47:43,280 [mid-tempo music] 820 00:47:44,880 --> 00:47:49,080 I think it's six in the morning. And he'll be up for sure. 821 00:47:50,880 --> 00:47:51,880 Go ahead, call him. 822 00:47:54,120 --> 00:47:56,680 - Some more champagne? - Yeah, why not? 823 00:47:56,760 --> 00:48:00,440 [mid-tempo music] 824 00:48:03,200 --> 00:48:04,640 [beeping tones] 825 00:48:08,960 --> 00:48:11,400 [dialing tone] 826 00:48:11,480 --> 00:48:14,240 - [Daniel] Daniel. - Hi, Daniel. It's Petra. 827 00:48:14,320 --> 00:48:19,280 I'm in New York with Ken and you're on speaker. 828 00:48:19,360 --> 00:48:21,480 Hey Daniel! Everything okay? 829 00:48:22,160 --> 00:48:24,200 Yep, thanks. I'm fine. 830 00:48:24,280 --> 00:48:25,320 Good to know. 831 00:48:25,400 --> 00:48:27,080 They want 50%. 832 00:48:28,840 --> 00:48:30,000 Forget it. 833 00:48:32,400 --> 00:48:35,440 Daniel, listen to me. So, if we have Ken on our side, 834 00:48:35,520 --> 00:48:39,720 we will be able to negotiate and get it down to a ten or fifteen percent. 835 00:48:39,800 --> 00:48:42,240 We'll have completely different conditions. 836 00:48:42,320 --> 00:48:46,360 That's still too much. I can't give them a part of what I built. I can't do that. 837 00:48:47,600 --> 00:48:48,920 [Ken] You know, 838 00:48:49,000 --> 00:48:52,400 my grandfather was a farmer, in Southern California. 839 00:48:54,000 --> 00:48:56,720 Wheat. Only wheat. He was kinda old school. 840 00:48:56,800 --> 00:48:58,240 He thought he was pretty smart, so 841 00:48:58,320 --> 00:49:01,800 when a couple of Mexican guys came and asked to buy a piece of land... 842 00:49:03,120 --> 00:49:06,600 He charged them a fortune for it, thought he ripped them off real good. 843 00:49:07,800 --> 00:49:09,880 These guys worked hard, 844 00:49:09,960 --> 00:49:13,720 they planted apricots, almonds, oranges... 845 00:49:14,680 --> 00:49:17,440 My grandfather just had fields of wheat. 846 00:49:17,520 --> 00:49:21,720 By harvest time, these Mexicans had enough money 847 00:49:21,800 --> 00:49:24,320 to buy another little parcel of land off him. 848 00:49:24,400 --> 00:49:26,600 And then another. And another. 849 00:49:27,400 --> 00:49:31,400 Now there's a Mexican family living in my grandfather's house. 850 00:49:31,480 --> 00:49:34,000 He died flat on his ass in San Diego. 851 00:49:35,120 --> 00:49:37,920 Last time I checked I wasn't a Mexican or a farmer. 852 00:49:38,800 --> 00:49:42,320 The point is they don't control the tech, we do, 853 00:49:42,400 --> 00:49:46,440 and once they open the door to us they can't close it, and we're in, Daniel. 854 00:49:47,320 --> 00:49:50,080 Even if it costs us 15% of Spotify? 855 00:49:50,160 --> 00:49:52,200 They're making you a part of the system, Daniel. 856 00:49:52,280 --> 00:49:54,520 Once they do that, you can't fail. They won't let you. 857 00:49:55,120 --> 00:49:56,600 It's against their interest. 858 00:50:09,040 --> 00:50:10,520 Max 15%. 859 00:50:11,720 --> 00:50:15,400 [upbeat music] 860 00:50:17,640 --> 00:50:21,320 [Petra] Two weeks later, Ken joined Spotify and became a member of our team. 861 00:50:21,400 --> 00:50:24,640 Daniel of course, needed to offer him a piece of the company. 862 00:50:25,320 --> 00:50:29,040 Ken knew every record label boss from LA to Ulan Bator. 863 00:50:29,760 --> 00:50:32,320 He knew their strengths and weaknesses. 864 00:50:32,400 --> 00:50:36,520 Their strategies, their tricks, and even their bank balance. 865 00:50:37,480 --> 00:50:42,880 By the time we launched, every one of them had signed an agreement with Spotify. 866 00:50:42,960 --> 00:50:45,560 [upbeat music] 867 00:50:47,280 --> 00:50:49,600 [upbeat music] 868 00:50:49,680 --> 00:50:51,840 [crowd partying] 869 00:50:51,920 --> 00:50:53,960 They're finally here! 870 00:50:54,880 --> 00:50:56,960 Free drinks for everyone! 871 00:50:58,400 --> 00:50:59,680 [Petra] Thank you. 872 00:50:59,760 --> 00:51:01,840 [Niklas] Nice work, Petra! 873 00:51:01,920 --> 00:51:04,000 Thank you Niklas, you're here. 874 00:51:04,760 --> 00:51:06,640 - [Daniel] Hey. - [Niklas] I'm gonna say hi to Ken. 875 00:51:06,960 --> 00:51:07,960 You did a great job. 876 00:51:09,720 --> 00:51:10,760 Thank you. 877 00:51:11,520 --> 00:51:12,640 - Hi! - Hi! 878 00:51:12,720 --> 00:51:16,840 I just wanted to say I'm really impressed with everything you've put together. 879 00:51:16,920 --> 00:51:19,080 - Thanks. Thanks a lot. - Yeah. 880 00:51:19,160 --> 00:51:22,400 [upbeat music] 881 00:51:23,520 --> 00:51:27,680 - Hi, hello. I'll have a gin and tonic. - A gin and tonic. 882 00:51:28,520 --> 00:51:29,560 [Andreas] You ruined it. 883 00:51:31,120 --> 00:51:32,360 I'm sorry, what did you say? 884 00:51:32,440 --> 00:51:35,480 You ruined it. Spotify was supposed to be something new. 885 00:51:35,560 --> 00:51:37,040 Spotify is something new. 886 00:51:37,120 --> 00:51:39,976 Not since you sold it out to the record companies. That wasn't our vision. 887 00:51:40,000 --> 00:51:43,400 If we hadn't secured the licenses, we'd never have been able to launched today. 888 00:51:43,480 --> 00:51:45,320 - You know that. - It was entirely unique, 889 00:51:45,400 --> 00:51:48,000 something beautiful, and you destroyed it. 890 00:51:48,960 --> 00:51:51,320 You think we can talk about this another time? 891 00:51:51,400 --> 00:51:53,520 I'd be happy to have this conversation, but not today. 892 00:51:55,400 --> 00:51:58,920 You don't give a shit, do you? Right? 893 00:52:00,280 --> 00:52:04,480 No, actually I do. I just think that you and I look at things very differently. 894 00:52:04,560 --> 00:52:06,720 We do. The others buy your 895 00:52:06,800 --> 00:52:09,320 "I'm a lawyer, I'm always right" thing, but I don't. 896 00:52:11,120 --> 00:52:12,560 - Here you go. - Thanks! 897 00:52:12,640 --> 00:52:15,800 [upbeat music] 898 00:52:23,760 --> 00:52:27,680 [upbeat music] 899 00:52:42,240 --> 00:52:45,920 [Petra] Ever since I made those deals, I've heard it a thousand times, 900 00:52:46,640 --> 00:52:49,960 "Spotify is bad. Spotify is ripping off the artists. 901 00:52:50,640 --> 00:52:53,400 Spotify doesn't appreciate the value of music." 902 00:52:53,480 --> 00:52:58,760 But I was there. I saw the deals that on the table. So what you really should ask, 903 00:53:00,200 --> 00:53:02,960 is how the hell would things have turned out without me? 904 00:53:03,040 --> 00:53:04,880 [crowd partying] 905 00:53:07,280 --> 00:53:10,720 I hate that bullshit story Petra just told. Hate it. 906 00:53:10,800 --> 00:53:14,400 And besides, that's not how it happened. 907 00:53:14,480 --> 00:53:18,960 [closing music] 908 00:54:16,120 --> 00:54:21,080 [closing music] 909 00:55:02,040 --> 00:55:05,400 Subtitle translation by: Adefoluke Adebayo 73620

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