Yet Spotify’s burgeoning role in the podcast industry paints a vastly different, if not somewhat alarming, picture. “We don’t own any rights to any music and we’re not acting like a record label.”īehind Spotify's Huge Bet on Podcast Market's Growth “Licensing content doesn’t make us a label, nor do we have any interest in becoming a label,” Spotify CEO Daniel Ek rebutted during his company’s Q2 2018 earnings call. then announced a “passive minority investment” in DistroKid that would allow artists to use Spotify’s upload functionality to release their music on other streaming services as well.Īnalysts even speculated about whether Spotify could potentially buy Universal Music, which Deutsche Bank recently valued at $33 billion. Shortly thereafter, the publicly-traded streaming company launched a beta version of its direct-upload tool for a wider base of unsigned artists in the U.S. In June 2018, after voicing ambitions to become “ the R&D department for the entire music industry,” Spotify began offering select managers six-figure advances to license their artists’ music directly to the platform without any third-party help.
Over the past several months, Spotify’s relationship with record labels and distributors has been murky at best, combative at worst.
0 kommentar(er)
