Iovine: The basic dynamic between streaming services, artists and labels is still not what it needs to be.

I’m not trying to over-simplify a very complicated issue, but the basic dynamic between streaming services, artists and labels is still not what it needs to be. Technology and the shift of culture has led the process of artists wanting to own more of their rights. That in turn forces changes to the economic relationship with labels in general, but that doesn’t mean there isn’t room for everyone – it just means [the] balance will shift.

Source: ‘The basic dynamic between streaming services, artists and labels is still not what it needs to be.’