Spotify says they’re not signing artists, therefore they’re not a label. That’s pretty funny. If you want to know Spotify’s biggest problem, just look at their latest quarterly financial report. Sure, Spotify may have renegotiated their deals with the ‘big three,’ but they’re still paying a vast majority of their costs to large content owners. […]
The post Spotify Is Hitting Labels Where It Hurts the Most: Brand-New Talent appeared first on Digital Music News.