Warner Music Group Chairman Edgar Bronfman, Jr. is a big fan of Spotify. In fact, at the D:Dive Into Media conference, the music mogul touted the music streaming service as a complementary service on top of other sales channels.
In what is likely his final interview before leaving Warner Music, Bronfman defended Spotify’s ability to drive more value for artists and labels. “Everywhere we look, Spotify is incrementally positive,” Bronfman said. Later in the discussion he noted that the streaming music startup is “a real and growing revenue stream.”
That said, Bronfman noted that part of the success comes from a deal that Warner Music helped to negotiate that passed on more value to labels and artists. “They have Warner Music to thank for a much better economic deal. We insisted on a much stronger deal and refused to sign unless we got that deal,” he said.
In addition to…
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