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Spotify wants to offer free mobile streaming, asks industry to lower fees
- According to several "music industry sources", Spotify is negotiating with major music labels to both renew their contracts and, most interestingly, lower their license fees by a "substantial" amount. The report claims that Spotify hopes to offer streaming to mobiles…
Artists earn less than a penny per stream on Spotify-like services
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Subscription music services let you enjoy a buffet of tracks without the hassle or expense of buying individual songs or albums while producing billions in revenue for record labels, but the arrangement apparently isn't so great for the folks who create your favorite tunes. Speaking on Twitter...
Streaming music rakes in revenue, not hurting digital downloads
- Warner Music Group, a major player in the music industry who's labels include the likes of Atlantic, Elektra, Warner Bros., Reprise and East West, has released their fiscal third quarter results. The results? For the first time ever, online music streaming…
Apple to enable full song sharing in next major iTunes release
- Rumors that surfaced earlier this month claimed Apple would be removing Ping from the next major release of iTunes, essentially chalking it up as a failed endeavor.
Spotify is the second largest revenue source for record labels
- A source close to Spotify claims it is the second largest revenue generator for major music labels. The service was used by 23 million people last month and is bested only by Apple’s iTunes, according to a story published by…
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