Warner Music has said it will stop licensing its songs to free music streaming services.
Warner chief executive Edgar Bronfman Jr said: “Free streaming services are clearly not net positive for the industry and as far as Warner Music is concerned will not be licensed.
“The ‘get all your music you want for free, and then maybe with a few bells and whistles we can move you to a premium price’ strategy is not the kind of approach to business that we will be supporting in the future.”
It is not clear whether Warner will remove its music from existing services or decline to do deals with new outlets.
He said the focus would be on promoting streaming services that require payment, which he said could appeal beyond those who currently pay for downloads in stores such as Apple’s iTunes.
Warner Music currently has a list of signed artists to their label including: Lily Allen, Ashley Tisdale, Colbie Caillat, IYAZ, LIGHTS, Meg & Dia, NeverShoutNever!,Rilo Kiley, Regina Spektor, Tegan & Sara, Timbaland & The Veronicas.
Listening to their latest music on Myspace Music, Youtube, LastFM and others are all up for question as to if their artists will be able to continue posting music, but as it stands now, all free music streams will be discontinued.
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