Apple’s acquisition of Beats has some major record labels thinking of making some moves as well.
Digital Music News is reporting that several major labels including Warner Music Group, Sony Music Entertainment, and Universal Music Group are mulling a possible purchase of a Spotify acquisition.
Several sources inside and outside of the major label system who have agreed to speak with Digital Music News say the Beats sale is ‘simply small potatoes’ compared to the prize that Spotify could represent.
One source pointed to Spotify as a very, very juicy prize, with one target sale price pushing past $10 billion (you know, WhatsApp money).
A label attorney, speaking on the condition of anonymity, pointed to massive telecommunications and mobile companies as targeted buyers. “The Verizons, the NTT DoCoMos, the Oranges, that group,” the source noted. “Spotify is a nice package for customers.”
Read more about the possible dealings here