Bits & Bytes: Streaming, Profitability and Acquisitions in Music Tech
Jesse Kirshbaum is the co-founder and visionary behind SoundCTRL, the authority in music tech culture, news and events. When not serving as CEO of NUE Agency, he sits on the Global Advisory Board of Social Media Week and Digital Music Wire, sharing a dynamic enthusiasm and passion for shaping the new music business. Stay tuned to Fuse.tv for Bits & Bytes, his weekly roundup and personal take on the latest in music tech.
Words and roundup by Jesse K, powered by SoundCTRL
Licensing and dealing with the major labels is a gift and a curse for music tech companies. If you have a deal with the labels, it seems like your valuation is crippled. But without the licensing from the labels, who control so many of the major artists music, it's hard to offer a robust service.
This current situation really hampers the creativity for entrepreneurs who are passionate about music. While Warner and Universal have secured deals with Tidal, Sony lags behind. Makes you wonder—will Sony take Beyoncé's music off of Tidal? They have yet to do so, but that may change if they don't receive their Tidal advance. If labels are turning down an advancement of $1 billion from Spotify, who knows what it will take to get Sony on board.
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