[More insightful commentary by a senior publisher. I can tell you that Marty did not move from a little office on Sunset Boulevard to where he is now by spending money on overhead. It’s simple: if you earn, you spend, but if you can’t manage to earn, then don’t spend. And if you don’t earn, don’t blame the songwriters–they just provide you with your main product, they don’t run your operation. But the real reason Ek should have taken the avuncular Bandier to lunch is that he might have actually learned something about life from the seasoned publisher. Just sayin’.]
Why didn’t Spotify CEO Daniel Ek reach out to music publishing’s biggest exec — even once?
Earlier this week, Sony/ATV Music Publishing’s former Chairman & CEO, Marty Bandier, revealed the strange fact, part of a broader slam against the streaming giant. “Some people within Spotify have called me and sort of off-the-record apologized,” Bandier recently told students at his namesake Bandier Program at Syracuse University, referring the Spotify’s controversial challenge of publisher royalty rate increases by the U.S. Copyright Royalty Board….
…Spotify is now a public company. They have to figure out how to make money, but maybe they should start in their own house and figure out how to save money in general overhead instead of the royalties they pay out.
“If I ran a business and had that type of overhead I would have been fired a long time ago. You just can’t do that and expect to be successful.”