Oct 3, 2018

Sony 'wouldn't rule out launching Spotify rival'

Getty Images/PA The head of Sony Music has said the company would not rule out launching a rival streaming service to Spotify. Stringer took over as CEO of Sony in April 2017 and has seen the company's revenues jump by 12% to top $4bn. That followed Sony acquiring the stake in a music publishing venture previously held by Michael Jackson's estate, giving it ownership of more than two million classic songs. Speaking to Radio 4's Media Show, Stringer suggested Sony could withhold some of those songs from streaming sites like Spotify and Apple Music if they started to encroach on the company's business by signing and developing their own artists. Back in 2010, Sony launched a music and video download service intended to challenge Apple's iTunes. Five years later it closed its Music Unlimited service to launch PlayStation Music in conjunction with Spotify.

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