by Bruce Houghton
Spotify has started it’s periodic licensing renegotiations with the major labels, and this round is shaping up to be a difficult one. In an effort to be profitable, Spotify is seeking a significant reduction in what it pays to play music along with an extension of it’s free music offering to mobile.
But don’t expect the labels to feel sorry for Spotify. After all, late last year the company closed a new $100 million funding round.
PREDICTION: No one wants to see Spotify fail. But we’re a year or more away from anyone in power at the major labels admitting to it.