Sony exec says it is ‘re-evaluating’ help for streaming music providers
It is Taylor Swift’s fault. Immediately, Sony Musics ‘s Chief Monetary Officer stated that “loads of dialog” has taken place during the last week relating to streaming music providers. “What all of it actually comes right down to is how a lot worth are the music firm and the artist getting from the totally different consumption strategies.” Swift (properly, her music) left Spotify earlier this month. “The important thing query is, are the free, advert-supported providers taking away from how shortly and to what extent we will develop these paid providers?” Mr. Kelleher stated. “That is one thing we’re listening to as content material house owners who license our content material to the totally different platforms.” The Sony Music CFO feedback got here throughout Sony’s investor briefing being held at the moment and elaborating on its restructuring plans, firm-vast, for the close to-future. Whereas its electronics arm struggles, the leisure half (together with Sony Music) continues to do financial institution.