The company is Access Industries and the Founder and Owner is Leonard Blavatnik
Along with what’s in the title, he is accused of reputation laundering against Ukraine and has been personally sanctioned by Volodymyr Zelenskyy. He was also part of a WhatsApp group involving some of the United States’ most powerful business leaders with the stated goals of “changing the narrative” in favour of Israel and “helping win the war” against Gaza.
Everything is in the linked Wikipedia article about him, mostly under the “Controversies and disputes” part.
I switched to Deezer after seeing it recommended as a better Spotify alternative here on Lemmy, but after finding all this I immediately stopped using it. It’s as bad as the shit Spotify does and has done IMO. I’m not here to recommend or push an alternative, but if I can give info on what I use now if someone asks.
This is an interesting idea, but I would assume that over time, the number of “owned” streams would dominate the number of “new” streams, and thus eventually their operating costs would reach a point where they don’t have the revenue to cover it…
At that point their governance structure would show it’s strengths by enabling a democratic decision taking that could solve the issue
Workers, for example, could suggest a small subscription fee that would cover the infrastructure cost, while listeners will most likely object, their view would be valued and impact the approval of any proposed solution