Ministry of Sound Criticized Record Labels for StreamingAdded: Monday, May 25th, 2015
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.cc, 2015
Lohan Presencer, boss of Ministry of Sound, doesn’t particularly like a music streaming service Spotify, but recently he criticized music labels that license the service.
He criticized the short term of contracting and remunerating people who run those companies, since the decision-makers in the music industry are indeed on 3- or 5-year long contracts, which forces them to make very short-term decisions.
In particular, the Ministry of Sound boss criticized Universal Music, suggesting that the company’s recent change of mind over free, add-supported streaming music has caused panic lower down the managerial ranks. He also criticized the music industry’s strategy in licensing free streaming services like Spotify. As for Universal Music, the Ministry of Sound boss claimed that some of the things the record label had done digitally were “awful”. Besides, he claimed that Universal Music had created a landscape that it is now trying to dig itself out of, with no success. Such state of affairs may have “massive, rolling implications” for the entire industry.
The largest music labels were also criticized for their willingness to license free, unlimited online streaming services in response to Internet music piracy. Their approach was contrasted with other creative industries. Ministry of Sound suggested that the music industry responded to piracy by simply giving everything away for free, although neither movie industry nor TV and book publishing industries did that. Even newspapers coped with building paywalls around their content.
In his speech, the Ministry of Sound head also accused the largest music labels of being reluctant to license streaming services that employ different models to Spotify, in attempt to protect their investments in it ahead of its upcoming initial public offering. Despite the abundance of other models if distributing music out there, record labels are stubbornly not interested in licensing them. So, when other music services approach the big content owners with their different business models, the music labels have to admit that they just don’t want to damage Spotify because they all have got a piece of it. This is a reason why no new music services emerge these days – because negotiations with record labels fail before even starting.
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Monday, May 25th, 2015
|And all his label does is basically rehash someone else’s music~prick||
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