Looks like Warner Music is going to stop licensing its content on free music sites like Last FM, Spotify, and We7.
Here’s a quote from the label’s chief executive, Edgar Bronfman Jr from BBC News: “Free streaming services are clearly not net positive for the industry and as far as Warner Music is concerned will not be licensed…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.”
It should be interesting to see what moves this triggers in the rest of the music industry…
Bronfman
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