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SPOTIFY REPORTEDLY THE SECOND-LARGEST SOURCE OF REVENUE FOR MAJOR LABELS…


Spotify is apparently far behind digital sales, but ahead of physical sales… Full story at Business Insider:

Spotify is now the No. 2 revenue source for the major music labels, a source close to the company tells us.

The No. 1 revenue source for labels is Apple’s iTunes.

The gap between Apple and Spotify remains extremely large, our source tells us.