Artist streaming revolt: Former Universal Germany boss thinks modern record labels ‘keep disproportionate amount of income’

Tim Renner knows very well what it takes to run a major record company – he was Chairman and CEO of Universal Music in Germany from 2001 to 2004. On Monday (January 27), Berlin-based Motor Music posted a reaction to the artist streaming ‘revolt’ via a blog on its own website. It said that it stood in “solidarity” with the protesting artists – and didn’t hold much back from that point on.

Source: Artist streaming revolt: Former Universal Germany boss thinks modern record labels ‘keep disproportionate amount of income’

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