Sony Music owns a piece of Spotify
p2pnet news view Music:- Sony Music’s guy in Sweden, Mark Dennis, has been waxing lyrical about Spotify, lately.
Billed as a, “proprietary peer-to-peer music streaming service that allows instant listening to specific tracks or albums with almost no buffering delay,” it’s outpacing iTunes, The Local has Dennis saying gleefully.
‘Gleefully’ because Sony has a stake in Spotify, says Swedish musician Magnus Uggla, “a member of the Swedish nobility and a descendant of several European rulers, among which John III of Sweden and Gustav Vasa,” according to the Wikipedia.
“Imagine my surprise when I recently read in the newspaper that Sony Music has acquired nearly six per cent of the Spotify for the modest sum of 30,000 kronor,” he says on his site (Google translation, with a little help).
“It was a good buy.”
It was, especially considering K30,000 is worth around a paltry $4,541 Canadian.
Sony Music, one of the companies that “sued the shit out of Pirate Bay,” is now sneaking around in the dark and acting like The Pirate Bay, he says.
What else is new?
“I have repeatedly asked Sony’s CEO, Hasse Breitholtz, who’s always spoken lyrically about Spotify, why I should be there,” he says, pointing out that first statement from Spotify said he’d earned as much in six months as a halfway decent busker would have been able to earn in a day.
Uggla has yanked his music from Spotify.
Stay tuned.
(Cheers, Lars)
waxing lyrical – Spotify outstrips iTunes !, August 11, 2009
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August 13th, 2009 at 10:35 am
Excellent image. You should start a p2pnet picture gallery.