Industry insider says free music streaming from Spotify, YouTube and more may soon vanish
“Here’s the skinny… Jimmy Iovine and the major labels are conspiring to get rid of free,” music industry insider and critic Bob Lefsetz wrote in a newsletter late on Sunday. “Not only the free tier on Spotify, but YouTube too. Apple Inc. writes a check to the labels on 40 million subscribers for years, whether they reach that number or not, and everybody pays for music.” – Zach Epstein, BGR
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