In a move sure to further endear major label Warner Music to the music-listening public, the company vowed to stop licensing its music to be freely streamed. In justifying the decision, chief executive Edgar Bronfman Jr. stated: "Free streaming services are clearly not net positive for the industry and as far as Warner Music is concerned will not be licensed." Bronfman went on to whine, "The number of potential subscribers dwarfs the number of people who are actually purchasing music on iTunes." Sounds like someone is bitter.
Coincidentally, Bronfman's proclamation is Warner's second innovative announcement of the month. Earlier this month they introduced the "six pak," a revolutionary method to package and distribute to music.
Via BBC.