- Re/code, Tuesday, April 3, 2018 10:19 PM
In honor of Spotify’s first day as a public company,
Recode considers the company’s business prospects. Sources tell
Recodethat Spotify plans to eventually reshape its
relationship with the music labels. “The idea … isn’t to cut out the big music labels or compete directly with them,” it writes. “Spotify does imagine, however, that
over time, a growing tier of music acts, or small independent labels, won’t use the big labels for distribution … Instead they’ll work directly with the streaming service.”
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