DECLARE YOUR INDEPENDENCE FROM
MAJOR LABEL STREAMING
The major labels own 20% of Spotify.
Apple Music pays less to indie artists and allows majors to buy front page placements.
Only major label and famous artists are included in Apple Music genre searches.
Tidal & Apple Music offers no direct deals for indie artists.
* as filtered by our lawyers
RECENT MAJOR LABEL STREAMING HEADLINES
If you want to get an idea of just how lucrative streaming platforms have become for the major labels today, check this out. Earlier this week, MBW analyzed two sets of very important financial results: Sony Music Entertainment and Universal Music Group....read more
Sony Music sold approximately 50% of its shares in Spotify during the streaming company’s first month on the New York Stock Exchange, MBW has learned – generating in the region of $750m as a result. The major record company owned 5.7% of Spotify’s stock – a total...read more
Rob Stringer will be a popular man in Tokyo right now. Sony Music’s parent, Sony Corp, confirmed yesterday that its subsidiary sold 17.2% of its Spotify stake on Tuesday (April 3) – the streamer’s first day on the New York Stock Exchange. A quick run...read more