Apple's Deep Pockets Affecting Spotify Contract Renewals

MacRumors
By Juli CloverAug 23, 2016, 4:11 pm785 pts
Several of Spotify's contracts are up for renewal and the high rates Apple pays record labels are affecting Spotify's negotiations, reports MusicBusinessWorldwide. As it considers a future IPO, Spotify is aiming to strike long-term deals with record labels at lower rates, while labels want Spotify to pay as…

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