One Direction's catalogue, and other Sony artists, may be pulled from Spotify

[Spock 20,290]

Sony Music Entertainment artists including One Direction, Pitbull, Calvin Harris and Carrie Underwood could be dropping out of free-music streaming queues, in the wake of Swift’s company pulling her entire catalog from Spotify.
 

The decision by Swift’s Big Machine Records to yank the pop star’s music from Spotify has prompted Sony Music Entertainment to reconsider whether it will continue to license songs for free, ad-supported music services, according to Kevin Kelleher, EVP and CFO of Sony Music.
 

After Swift spurned Spotify, “a lot of lot of conversation has taken place over the last week in the light of that,†said Kelleher, speaking at Sony’s investor relations day Tuesday, as reported by the Wall Street Journal.
 

“The key question is, are the free, ad-supported services taking away from how quickly and to what extent we can grow those paid services?†Kelleher said. “What it all really comes down to is how much value are the music company and the artist getting from the different consumption methods.â€

At the same time, Sony is “very encouraged†by the rise subscription-based streaming services, Kelleher added. Last week, Google announced YouTube Music Key, which will offer more than 30 million songs  including Taylor Swift tunes  for an intro price of $7.99 per month (versus a regular $9.99 monthly).
 

Sony said it expects revenue for the music group to be $4.8 billion to $5.2 billion for the 2017-18 fiscal year. That would be flat or up to 8% growth compared with $4.8 billion projected for the 12 months ending in March 2015.

http://variety.com/2014/digital/news/sony-music-may-pull-songs-from-free-music-services-after-taylor-swift-disses-spotify-1201359194/

Called it. Who's calling Taylor "greedy" now

[djBuffoon 11,825]

T-Swizzle ha impact

[retroglamx 5,087]

Queen Taylor starting a revolution. When will Gagz?

[Pure Adrenaline 1,518]

yes the revolution is here

[Haroon 49,685]

Waiting for Interscope and Capitol to join :popcorn:

[Sexxx 5,492]

so silly

[Tropico 4,145]

Lol Spotify might as well shut down now.

 

Soundcloud, you're next.

[mcoop 628]

So ridiculous. I sure as hell ain't buying any music from any of those people anyways, so you might as well enjoy the money you're getting from me to listen to any of your music. 

[Poker 3,350]

this is bullscheisse. people can still illegaly dl music from the web. that's what they should focus on.

[thefamebitch 695]

Ha, I bet they'd be running to support Spotify if Limewire was still around. 

[uo111 5,201]

this is bullscheisse. people can still illegaly dl music from the web. that's what they should focus on.

Shhhh, let them kill spotify but for the love of god don't take away free, adless, nonstreaming music.

[Yanko 9,860]

ridiculous. i hope piracy will grow 

[Sugarfall 3,723]

That's smart of them but Spotify isn't the only place to get music for free

 

And slay Tay

[Sugarfall 3,723]

look on the bright side

 

 

 

trash will be pulled

Everyone will stop listening to Pitbull bc no one buys his stuff/is actually a fan of him

[Luc 4,772]

Ridiculous. They don't know what they're missing out on. Spotify and streaming services have the potential to grow A LOT. CDs won't ever become popular outside the Western world. Streaming services have the potential to grow in those markets, making the global revenue much bigger and giving a platform to promote music to, worldwide.