[sdnguyen90]

Record labels are already in a dynamic where the streaming services have at least equal leverage. Playlists are already taking over radio which is where the labels would give you the most value.

More artists are publishing their music independently. I think the negotiation power of older records owned by record labels will diminish because the next generation of independently owned records will outweigh them.

The thing I'm unsure of is how Apple Music vs Spotify is going to play out. I feel that Spotify is currently an overall better product but Apple has had major cultural impact with its curation which IMO is more valuable than building software.