> At this point, I need to complain about the stupid major record labels who have empowered and supported Spotify during its long history. At some junctures, they have even been shareholders.
I’ve warned repeatedly that this is a huge mistake. Spotify is their adversary, not their partner. The longer they avoid admitting this to themselves, the worse things will get.
I think this confuses record labels with artists. I don't see labels having a problem with replacing their artists with AI, as long as they still get the royalties.
Because copyright lasts an obscenely long time so record labels can continue to rent seek and grab a large share of spending on music for work performed many decades ago.
People like to listen to the music of their youth, record labels would still be needed for many decades to come to provide a comprehensive streaming catalog.
Any service without the biggest music acts of ~1970 to 2020 isn’t going to go far.
I’ve warned repeatedly that this is a huge mistake. Spotify is their adversary, not their partner. The longer they avoid admitting this to themselves, the worse things will get.
I think this confuses record labels with artists. I don't see labels having a problem with replacing their artists with AI, as long as they still get the royalties.