This is barely news, more of a high-powered executive waxing speculative rhetoric over broad topics, but here we go. Tim Schaaff, president oftheSony Entertainment Network said the following about Spotify.
“Spotify has been one of the first companies to be able to really make a statement about subscription services that has made sense to consumer, but it’s early days, we used to think that Myspace was going to dominate everything in social networking and they’re gone.They’re gone.”
This is true of course, Spotify is ascending right alongside thousands of competitors, but it seems a little fatalistic to compare its potential downfall to the dingy catacombs that is circa-2011 Myspace to be a little rash. The Spotify business model is just far more sustainable than social media ever was/is.
He continues by saying “it’s certainly not in the label’s interest to have one company like Spotify dominate everything, that’s not likely to happen, that doesn’t happen in general.” But of course, then you think about the iTunes music store.
It’s incredibly probable that Schaaff is sowing seeds for Sony’s Music Unlimited, one of the seemingly hundreds of horses in the cloud-serviced music-streaming race. It’s a brave new world for the music industry, and honestly, having a huge number of rival streamers to choose from isn’t exactly doing the consumer a lot of favors right now.