Google sticks it to the record labels
… by announcing their cloud music storage without major label licenses. Here’s the best bit:
It’s time that major record labels got knocked from their pedestals and hopefully realize that they don’t necessarily have all of the leverage any longer. For years label arrogance cost investors tens of millions of wasted dollars. Nobody wants to deal with them. Since Google and Amazon have launched services without going through licensing hell, maybe investors will be more willing to come back to the digital music sector.