Successful streaming services like Spotify are set to be dumped by Warner Music since they are “clearly not positive for the industry”.
The hugely popular Spotify and other services being used to tempt file-sharers away from “the dark side” have been dealt a blow.
Warner Music, one of the Big Four labels, says that it will stop licensing its music for use on all streaming services.
“Free streaming services are clearly not net positive for the industry and as far as Warner Music is concerned will not be licensed,” said chief executive Edgar Bronfman Jr.
“The get all your music you want for free, and then maybe with a few bells and whistles we can move you to a premium price strategy, is not the kind of approach to business that we will be supporting in the future,” he added.
Yet again a big label shoots itself in the foot. The question is, when will the rest follow?
Want to know which artists you won’t be able to hear streaming legally anymore? Click here.
Article from: FreakBits