Jimmy Iovine sees problems ‘on the horizon’ for music-streaming


Former Apple Music figurehead Jimmy Iovine has been interviewed by the New York Times about his views on music-streaming. “The streaming business has a problem on the horizon, and so does the music business. That doesn’t mean they can’t figure it out,” he said. Streaming’s problem being this: “Margin. It doesn’t scale. At Netflix, the more subscribers you have, the less your costs are. In streaming music, the costs follow you.” Iovine also highlighted what he sees as a problem for labels: “I’d be worried that I don’t have a direct relationship with my consumer. The artists and the streaming platforms do.”

Stuart Dredge

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