ST holdings drops Spotify!
Big news for the dnb community, ST holdings will no longer be available on Spotify!
For those out of the know, ST Holdings are one of the main distributors of dnb. They help put out music from the likes of Subtitles music, blu mar ten, commercial suicide, soul:r, Critical Music, Dispatch Recordings, etc. Its a pretty extensive list that covers almost all of my favourite artists and labels.
Their reasoning behind this is due to spotify cannibalising their revenue stream, each play gives them 0.006p, which isnt a lot. So little in fact that ST Holdings must consider it to be hurting their income. Maybe they have tens of thousands of listens, and if all this translated into proper revenue they’d be better off for it, as would the labels and artists whom I support.
I consider it a good thing, what do you think? Do you use spotify for your fave dnb labels?
The whole story can be found here