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Warner Retreats From Free Music Streaming

Ian Youngs, reporting for BBC News:

Record label Warner Music has said it will stop licensing its songs to free music streaming services. Companies like Spotify, We7 and Last.fm give free, legal and instant access to millions of songs, funded by adverts.

Warner, one of the four major labels, whose artists include REM and Michael Buble, said such services were “clearly not positive for the industry”.

Update: Spotify, on Twitter, says Warner isn’t pulling out.

★ Wednesday, 10 February 2010