Warner Music has revealed its plan to stop licensing its artists on free music streaming services such as Spotify, We7 and Last FM. Larger bands that this will effect include REM, Muse and Green Day but the effects are likely to be more widespread.
The label’s chief executive, Edgar Bronfman Jr, reasoned that the services offered by streaming services are “clearly not positive” for the music industry.
The full implications of this move are unclear as of yet, but it is quite possible this move could spark a chain reaction among over major labels.