@claireatki: Labels Said to be Trading Spotify Even Lower Royalty Rates for Windowing

Newly married Spotify Chief Executive Daniel Ek is coming around to the idea of compromise.

The streaming leader is discussing making some new music available only to paying subscribers in hopes of ending a months-long impasse with the major record companies, The Post has learned.

The recent change of heart for Ek — who said “I do” to Sofia Levander in lavish nuptials over the weekend in Italy’s Lake Como — stems from a desire to make Wall Street happy, sources said.

As part of its negotiations, Spotify wants to lower its revenue split and make its finances more attractive to potential investors.

Spotify wants to hand over less than 50 percent of its revenue to the labels, sources say. Right now, it pays them as much as 58 percent of revenue.

“There are two things being discussed — windowing and rates. It’s a bit of ‘we’ll compromise if you compromise,’ ” said a source familiar with talks. “They’re tech people and they want to get rich.”

Read the post on New York Post

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