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Thursday 15 March 2012

SXSW 2012: Sean Parker predicts a 'war' between labels, artists

While pledging an allegiance to neutrality, Napster co-founder Sean Parker essentially sounded the sirens of battle, and predicted an oncoming bout between labels and artists. He was speaking at a session at South by Southwest's music festival in Austin, Texas.

?There?s blood in the water,? said Parker, who has invested in Spotify and sits on the company?s board. He vowed that the service, which entices users to sign up for a subscription after utilizing a free, ad-supported version, will soon become one of the biggest sources of income for labels.

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