Spotify To Stop Free Consumers From Listening To Big New Releases Ahead Of IPO: Report
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People that use Spotify without having to pay might be blocked from hearing to a few of the hottest brand new music on the program, according to a brand new report from The Financial Times
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The music streaming support is reportedly nearing a new deal with typically the major music labels. And one part of that will deal would - on a temporary basis - make some associated with the Top Music 2018 releases upon the platform available only to users who have paid for subscriptions.
So the next Frank Ocean album, say, might become obtainable on Spotify - yet unless you've paid for a subscription, you'll have in order to wait a while before you can actually pay attention to it.
These negotiations together with labels are essential in order to Spotify's future plans. Typically the Swedish company plans to be able to go public, but 1st it needs certainty regarding the terms on which it uses the major labels' audio on its platform.
Spotify has been long proof to the idea of restricting a few of its audio to just its paid subscribers. But in line with the FT, it has received a new concession in return : it will eventually pay less in order to the labels in royalty fees to each song.
