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Spotify lives out its vision of building a 'new music economy'

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Ms Kaur, Spotify's managing director for Asia, said the company has paid out some US$2 billion in royalties to the music industry.

Singapore

THE music industry is no stranger to disruption. Vinyl records, cassette tapes and compact discs were once the rage until piracy - through digital file-sharing platforms like Napster - appeared in the late 1990s and ate away at physical sales.

Then Apple's iTunes came to

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