Table of Contents

Spotify may restrict major album releases to its paid subscribers

No word on which record companies would be a part of the deal.
And so it begins: The Financial Times reports that Spotify is looking to restrict major album releases from some of the major record labels as an incentive to lower its royalty fees.
The ploy is apparently in response to the company’s IPO ambitions—Spotify can’t make money off free listeners, and it needs to be making money to legitimize its place on the stock market. Spotify currently serves 50 million paying subscribers around the world — a 40 percent increase from the year prior.
Of course, Spotify isn’t the only music streaming service to offer this sort of exclusivity to its paying customers. Tidal, for instance, employs a “pay for access” business model, while Soundcloud keeps its bigger artist’s music libraries exclusive to subscribers. There’s no word on whether this deal has gone through yet, but when it does, there should be more information about which of our favorite artists will be affected.
Sending
User Review
( votes)
Also Read  New! MTN STORE ON JUMIA
Previous article20 Latest Highly Anonymous Proxy Socket Server List March 20!
Next articleGlo Network Seems To Improve Nowadays, Checkout Its Speed
Applygist.com is founded and owned Sam Bennett A web developer, SEO Geek and computer engineer that has great passion and interest for technology and latest trends in the ICT world. The main aim of this great site is to keep all the visitors and followers abreast of the latest trends in the technology and telecommunication world latest free, cheap and best data subscription plans; latest electronic gadgets, phone reviews, tech tutorials and all your ICT issues. Applygist.com give our esteemed customers, partners, and visitors what they deserve by rendering valuable information, tutorials, and reviews to suit any category of persons or organization. This blog is updated daily with the latest information and tutorials to spice and increase your ICT and technology know-how.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.