Universal Music Group wants to find the next Spotify before it's too late

Tuhin Roy is hoping to find the next big thing in music—before it’s too late. 

“Not only are we looking for the next Spotify or Pandora or consumer music service, but a lot of the startups we interact with are helping in less visible ways,” said Roy, vice president of new digital business at Universal Music Group, one of the three major record labels.

The times they are still a-changin’. The music industry is finding its footing after almost two decades of upheaval. Once-maligned streaming services are now driving serious growth, and there’s a sense of optimism that the worst is in the past.

But there’s still a ton of change. Inside the industry, upheaval continues. Artists are now emerging organically, with some even eschewing the mighty music labels. With the cost of music distribution almost zero, just what is the point of labels? Read more…

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Source: Mashable | Universal Music Group wants to find the next Spotify before it's too late