Kobalt boss defends Spotify: ‘This attitude that we should kill streaming is a huge mistake’

Streaming music service Spotify is under pressure from some major labels to restrict the free version of its service, as Apple Inc. prepares to launch a subscription-only competitor. Now the boss of music publisher Kobalt Music Group is warning those labels to rethink their strategy. […] Kobalt’s main business is collecting royalties for songwriters and music publishers, although it also has a “label services” division that works with artists including Nick Cave, Lenny Kravitz, Placebo and Best Coast to release music. Spotify is under pressure over its freemium model, but Kobalt’s CEO has defended it. – Stuart Dredge, The Guardian