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Will music streaming platforms survive in India?

The Morning Brief

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Introduction

A few days ago, users of the streaming platforms Spotify suddenly experienced this. Hundreds of their favorite chatbusters from their favorite blockbusters on their favorite streaming platform, Gone. Why? Well, the songs belong to music label Z Music, and Spotify has to pay the music label to stream those songs under a licensing contract. According to sources, Z recently hyped the price to renew the contract. And Spotify did not want to pay that premium, so it had to take the songs down.

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