Its worth noting that Universal, BMG, Warner Bros and EMI are all investors Spotify. It's kind of an odd situation in that respect, the labels don't need Spotify to go public but their other investors do.
The big 4 record labels are the recipients of the $5 billion that the company has paid out in royalties to date. They've surely recouped any initial investment they put in by now. So they kind of have a vested interest at the moment anyway for keeping things just as they are.
The big 4 record labels are the recipients of the $5 billion that the company has paid out in royalties to date. They've surely recouped any initial investment they put in by now. So they kind of have a vested interest at the moment anyway for keeping things just as they are.