As I begin to worship Spotify as a God of music, suddenly a terrible news is being spread on Huffingtonpost which claims that a major distributor has just withdrew its entire catalogue of more than 200 music labels from Spotify. According to Huffingtonpost, not only Spotify has suffered this nasty breakup, but it’s too that other Spotify competitors are facing the same breakup with this major music distributor. These Spotify competitors are Napster, Simfy, and Rdio. It seems that there is a study which suggests that all you can eat buffet music service/model hurts record sales, and so the breakup was a reaction to the news. It’s unclear which music distributor had breakup with Spotify and others, because Huffingtonpost has not released the name of this music distributor. (Update: Could it be that Spotify has a breakup with STHoldings Labels?)
As a customer, this worries me much. Spotify is a great music service, and to have see a regression, however small or big, in its advance is saddening me. I love how Spotify allows me to listen to just about any song there is at any time and need not to worry of paying for each song, because I only have to pay my monthly subscription fee of $10 less. Unfortunately, I fear the action of one music distributor might encourage many more to do the same which could be detrimental to Spotify’s overall music service. After all, it isn’t so great if there isn’t a large enough music collections for music lovers to explore even though the price is right. I’m crossing my fingers that Spotify and other similar music services will be able to weather the storms to come, because I rely on such a music service to pull me through unmusical days.
A confession of sort, I don’t like how one has to buy each song in order for one to enjoy as many songs as one can, and so music locker service kind isn’t my cup of tea. The opposite is true for Spotify. By being on Spotify, I’m able to explore new bands that I had never bothered with from beginning. Why? I usually picked up new artists and bands through my listening to radio stations while I traveled from place to place with my car, but the radio stations often played a short selection of artists and bands repeatedly thus explaining why I wan’t so familiar to less well known artists and bands automatically. Since using Spotify, I’ve had a great time of exploring new artists and bands and enjoying hidden gems of music that I could never have done so with the radio stations.
Update: Reading TechCrunch’s older article “Spotify Closing New Financing At €200 Million Valuation; Music Labels Already Shareholders,” this leads me to believe that Spotify is still in great shape if the facts are correct still. The article suggests that several big music labels (i.e., Universal Music Group, Sony BMG, EMI Music, and Warner Music Group) have been investing in Spotify in millions of dollars. So, it’s likely that Spotify will still carry huge collections of songs from various artists and bands. Unfortunately, it might still be a discomfort for Spotify customers to know that they might miss out gems of music from music labels who had and might leave soon.
- Indie labels stage another Spotify walkout (gigaom.com)
- STHoldings labels to leave Spotify, Napster, Simfy, Rdio – they’re “detrimental to music purchasing” (nextlevelofnews.com)
- Digital music streaming hits major snag as over 200 labels sign off (zdnet.com)
- 200+ Labels Withdraw Their Music From Spotify: Are Its Fortunes Unravelling? (wired.com)
- Google Music Is Hopeful (essayboard.com)
- 200+ Labels Withdraw Their Music From Spotify and Other Streaming Services (wired.com)
- Silicon Alley Insider: Here’s Why 200+ Record Labels Just Vanished From Spotify (businessinsider.com)
- Spotify gets canned by over 200 labels, citing detriment to music industry (venturebeat.com)
- How 125 Days With Spotify Have Changed My Music Habits (businessinsider.com)
- Armageddon for Spotify? Not yet (news.cnet.com)
- Spotify Eyes European Expansion [REPORT] (mashable.com)
- Welcome To Belgium, Spotify. (And To Austria And Switzerland) (techcrunch.com)
- Everyone Can Now Sign Up for Spotify [Spotify] (gizmodo.com)
- Spotify sees more artist defections (news.cnet.com)
- Pandora is screwed. Mark Zuckerberg, Sean Parker, and Spotify? (skaldsandkings.wordpress.com)