Thursday, 17 November 2011

More labels give up on streaming

Dorset-based dance music distributor STHoldings has announced that it is pulling the music content from 238 of the labels it represents off Spotify, Simfy, Rdio and Napster, leaving only four of their clients providing music to the subscription-based music platforms. The company said that "these services cannibalise the revenues of more traditional digital services".

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