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Soon everyone may have to pay to stream music.
In the wake of Taylor Swift’s recent decision to yank all of her songs from Spotify, Kevin Kelleher, the chief financial officer of Sony Music Entertainment, has cast doubt on the conventional wisdom of “freemium” services as an online business model.
"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?" asked Kelleher on an investor conference call, according to The Wall Street Journal.
Sony owns some big labels including Columbia Records, Epic Records and RCA Records.
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