Record companies are still struggling with new business models. This time it’s music streaming Spotify that is at the receiving end. While companies like Universal speak postively about the future of the service WarnerMusic is struggling to see the point.
Record label Warner Music has said it will stop licensing its songs to free music streaming services. Companies like Spotify, We7 and Last.fm give free, legal and instant access to millions of songs, funded by adverts. Warner, one of the four major labels, whose artists include REM and Michael Buble, said such services were “clearly not positive for the industry”. via BBC News – Warner retreats from free music streaming.