Led Zeppelin give in to Spotify
The Beatles, Pink Floyd and AC/DC may be holding tight onto their absence from streaming services, but Led Zeppelin are now leading the pack for iconic bands embracing the service.
Currently in talks with subscription services like Deezer, Spotify and Rdio, Zeppelin will join recent newcomers like Red Hot Chili Peppers and Metallica when they allow the streaming of their back catalogue.
Warner Music Group are at the helm of the negotiations, mentioning in a statement the discussions have included exclusivity clauses.
“We’re excited about the opportunity to collaborate with Led Zeppelin to activate streaming rights for their catalog… We’re supportive of the band’s discussions with W.M.G.’s streaming service partners to create a window of exclusivity to maximize the impact of this launch.”
While Led Zeppelin only joined iTunes in 2007, the band sold 840,000 records last year in the US alone, and as the New York Times has reported, because of the band’s stature, the upcoming streaming agreement could result in substantial royalty advances.
The deal is sure to start off as an exclusive agreement, as the services are currently competing for the rights to the goldmine, but just as the Chili Peppers’ deal with Spotify has panned out, it may not stay that way – RHCP signed on in April last year but their music can now be streamed through most of the music services.