Labels Lick Lips over Streaming

Rolling Stone magazine reports that, despite the rough road, record labels are embracing the deals they are making with online streamers, understanding that these deals could well become their main source of revenue in the future. The article quotes RCA Records President/COO Tom Corson as saying, “An arms race is afoot,” referring to the growing number of streaming services, which now includes iTunes Radio, Google Play, Pandora, and Spotify.