Sony Music CFO Kevin Kelleher, discussing Taylor Swift’s pull from free streaming services:
“Actually, a lot of conversation has taken place over the last week in the light of that… What it all really comes down to is how much value are the music company and the artist getting from the different consumption methods.”
“The key question is, are the free, ad-supported services taking away from how quickly and to what extent we can grow those paid services?… That’s something we’re paying attention to as content owners who license our content to the different platforms. It’s an area that’s gotten everyone’s attention.”
In 2009, TechCrunch reported that Sony BMG owned 5.8 percent of Spotify.