via paidContent
by Robert Andrews
WMG was a late convert to the unlimited-subscription model, having negotiated hard with Spotify. But it is now a big exponent, hoping new music subscriptions services and bundled mobile offerings will reduce labels’ iTunes dependency, boost industry growth and restore a payment, if not an ownership, habit in consumers.
“That flow of dollars is substantially greater than the average annual purchases with respect to an iTunes user,” CEO Cooper told analysts, repeating Spotify’s own observation that its subscribers effectively pay a relatively high $120 a year.
“Both downloads and streaming provide us with meaningful economics. I’m personally agnostic – although you can draw your own conclusions from the streaming payments versus average iTunes users’ (payments).”
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