More than 200 labels held by content distributor ST Holdings have decamped Spotify, Simfy, Rdio and Napster recently over concerns the digital music streaming services’ business models are detrimental to sales. Most of the labels involved are relatively small. ST Holdings was bowing to pressure from its labels, it said, stating that only four of its roughly 200 labels wanted to remain associated with the services. The announcement comes just as Spotify has begun to gained popularity in the U.S. thanks to a deal with Facebook.
Loading ...
Hundreds of Indie Labels Cross Themselves Off Spotify's Playlist
Posted by: Rachelle Dragani November 21, 2011 11:13 AMMore than 200 labels held by content distributor ST Holdings have decamped Spotify, Simfy, Rdio and Napster recently over concerns the digital music streaming services’ business models are detrimental to sales. Most of the labels involved are relatively small. ST Holdings was bowing to pressure from its labels, it said, stating that only four of its roughly 200 labels wanted to remain associated with the services. The announcement comes just as Spotify has begun to gained popularity in the U.S. thanks to a deal with Facebook.