Sony exec says it's 're-evaluating' support for streaming music services
It's Taylor Swift's fault. Today, Sony Musics 's Chief Financial Officer said that "a lot of conversation" has taken place over the last week regarding streaming music services. "What it all really comes down to is how much value are the music company and the artist getting from the different consumption methods." Swift (well, her music) left Spotify earlier this month. "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?" Mr. Kelleher said. "That's something we're paying attention to as content owners who license our content to the different platforms." The Sony Music CFO comments came during Sony's investor briefing being held today and elaborating on its restructuring plans, company-wide, for the near-future. While its electronics arm struggles, the entertainment part (including Sony Music) continues to do bank.
