Sean Parker Says Taylor Swift's Spotify Exit Caused 'No Change In Usage'
It's been a long path for Sean Parker, from '90s tech kid to billionaire to being portrayed by Justin Timberlake in an Aaron Sorkin movie.
The tech star -- who did not have a medieval wedding in a forest, despite what you may think -- sits on the boards of both Spotify and Facebook, giving him deep access to two of the most data-rich and most comprehensive server farms in the world. Parker may not always be right when he speaks, but he is worth listening to. Speaking to CNN, he discussed the current landscape of the music industry -- the one he first "disrupted" with Shawn Fanning and Napster.
Taylor's exit from Spotify: "Taylor is a bit of an anomaly in the music industry in the sense that she's still able sell a lot of downloads... she sort of defies gravity. There was no evidence, in looking at the data, of a change in consumption or usage when Taylor left [Spotify]. So even if you take out one major contemporary artist, it really doesn't affect the overall usage."
The streaming market: "I don't think that this market works the same way as social media... I think that music as a service is something where than can be multiple winners."
Spotify competitors, such as Tidal: "[Tidal] hasn't attracted enough customers quickly enough... it's about scale. It's unclear whether Tidal or any of the new entrants have the staying power to get to that kind of scale."
Watch the full interview right here.