Yes, seriously: Spotify is asking labels to further subsidize their bottom line, requesting that they be allowed to make mobile streaming free (their Pandora copy already is) and pay even lower royalty rates. The amazingly great streaming music service doesn’t, as we now know, pay artists very amazingly.
Full story at Billboard:
Major label sources have confirmed to Billboard the points in a recent report at the Verge: Spotify will seek lower licensing rates and an extension of free streaming to mobile devices when it meets with record labels for U.S. renegotiations in the coming weeks. Spotify did not comment for this article.