Are Spotify, Apple Music and YouTube the new record labels?

Spotify is signing direct licensing deals with some artists and testing the ability to allow others to upload directly to its platform. YouTube and Apple Music are creating content and putting marketing budget behind artists. And Apple Music has also acquired Platoon, the British startup which helped a number of emerging artists to develop, including Billie Eilish.

Source: Are Spotify, Apple Music and YouTube the new record labels?

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