daviebhoy Posted February 10, 2010 Share Posted February 10, 2010 Is Free Music Finished? Posted Wed 10 Feb 2010 4:36PM GMT by Johnny Famethrowa in Touching The Void In recent years, a revolution has taken place in music, allowing fans to hear most of their favourite songs for nothing. However, those days could be numbered after one of the world's biggest record labels announced plans to stop their catalogue being used on free music services. Warner Music's decision means acts like Madonna, Muse, James Blunt, Red Hot Chili Peppers, Green Day, Sean Paul and Metallica will no longer be available on popular music streaming sites. It also throws the future of legal, instant-access streaming services such as Spotify, We7 and Last.fm into jeopardy, as labels look to milk their prized assets for all they're worth. The news was broken by Warner chief executive Edgar Bronfman Jr today. He explained: "Free streaming services are clearly not net positive for the industry and as far as Warner Music is concerned will not be licensed. "The 'get all your music you want for free, and then maybe with a few bells and whistles we can move you to a premium price' strategy is not the kind of approach to business that we will be supporting in the future," he said, in a move which could yet be mirrored by the other big labels - EMI, Universal and Sony BMG. It remains unclear if Warner's decision will see the removal of its catalogue from existing services like Spotify, which has seven million users across Europe and is in negotiations to launch in America. But with the industry still unconvinced it will ever make money this way, the future of free music is clearly under threat. :( Link to comment Share on other sites More sharing options...
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