Distribution company STHoldings made waves last week when it revealed plans to pull its label clients’ music from a range of streaming services due to low payouts. Now the company has removed its blog post announcing that news, and replaced it with a simple statement: “Pleased to say we’re working with some streaming companies on solutions that work as well for artists as they do consumers.”
The company has not specified which streaming services it’s working with, and Music Week finds owner Andrew Parkinson unwilling to comment further until a point “if and when we do find a solution”. MW’s story also includes firm backing for Spotify from Beggars Group chairman Martin Mills. “With Spotify, every play is a pay – and 200 plays will earn you more than a sale. You may say not many purchases are played 200 times, but try telling that to an Adele fan.” Or Adele’s manager – her latest album 21 is still unavailable on Spotify.
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Tools: Kaiber
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