Apple Is Getting Into Music Publishing

One of the most promising aspects of Spotify Technology's (NYSE: SPOT)future is the notion of it building a music publishing platform, one that directly connects artists to listeners. That could help reduce the Swedish company's royalty burden, while cementing its unique role in shaping the future of music.

To be clear, Spotify is still at the beginning stages of these efforts, recently hiring Francios Pachet to lead its Spotify Creator Technology Research Lab, which will help develop creative tools for artists.