updated 02:40 pm EST, Wed February 1, 2012
Coldplay puts newest album back in Spotify
Spotify scored a more symbolic win Wednesday after checks found that Coldplay had put its latest album, Mylo Xyloto, back on Spotify (link). The appearance, which includes other streaming services like We7, follows after the rock band kept its whole album off of streaming music services for fear of losing album purchases at iTunes and elsewhere. The decision was unusual as it came just weeks after the band's manager David Holmes had reiterated his objections to what he saw as lost revenue.
He had hinted that the album might come to Spotify in time, but hadn't said when. The group hadn't completely abandoned the service even during the boycott and had a small sample of Mylo Xyloto along with its back catalog, although these were primarily seen as motivators to buy the most recent album elsewhere.
The additions may be representative of a renewed confidence on the part of some industry that Spotify would be a sustainable source of revenue. Although key distributors have said the increased listenership came nowhere near making up lost revenue, Bob Dylan has also come back. U2's manager and frequent anti-piracy advocate Paul McGuinness has argued that Spotify has only some promotional value, but has also pinned some of the responsibility for any low turnout on major labels with a stake in the project.
The still-young service may have garnered attention through rapidly accelerating growth. Thanks in part to the US launch, it has added volumes of paying listeners in weeks that would previously have taken years. Spotify is still small relative to iTunes at three million paying customers, but the recurring money and help from free, ad-sponsored users may now give it more of a solid base to work from. [via Music Ally]