Monday, April 29, 2019

Label Negotiations Will Be "Long Drawn Out Process" says Spotify Exec | hypebot

Spotify newSpotify is in the midst of crucial renegotiations with all three major labels and other partners. We should expect those negotiations to be "a long drawn out process," Spotify Chief Financial Officer Barry McCarthy said on a Q1 earnings call Monday.

"It's just the nature of the beast," McCarthy added. 

These negotiations will determine both Spotify's profitability and its ability to innovate and offer products and discounts that it believes drive user growth.

[from http://bit.ly/1n4oGj7]

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