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Industry news & advice blog

Spotify hit £10 million paid users & YouTube anger independent labels

News: 22nd May 2014 by Louise Dodgson under Record Labels, Selling & Distributing Your Music

Spotify unveiled news this week that they have topped 10 million paid users of their music streaming service worldwide. Only launched back in 2008 there is no doubting that they've come a long way in a very rapid amount of time. Check out the interview with Spotify chief Daniel Ek below to see his thoughts on the platform's developments to date.

Also in the news this week on a music streaming front is YouTube who, just like the aforementioned Spotify bunch, are no strangers to criticism on the small royalties they pay per stream. Following plans for YouTube's proposed new fully-fledged streaming service, the independent labels have hit back against the video giant's ambitions and their approach. So the talks and negotiations continue...

As always, check out the links below for the full lowdown.

Related Links

http://www.theguardian.com/technology/2014/may/21/spotify-10m-subscribers-streaming-music

http://www.billboard.com/biz/articles/6092287/spotify-ceo-daniel-ek-10-million-subs-apple-beats-ipo

http://www.completemusicupdate.com/article/indie-labels-in-talks-with-youtube-after-criticism-of-the-web-giants-negotiating-tactics/

http://www.completemusicupdate.com/article/independent-labels-hit-out-at-youtubes-unnecessary-and-indefensible-negotiating-tactics/

Tags

spotify, music streaming, digital music, streaming service, youtube, independent labels, record labels, record companies, streaming royalties

 

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