David Joseph says streaming is the future for biz

PROVOCATIVE QUOTE FROM A BIG EXECUTIVE: "Streams of music are eclipsing everything. It's a different digital currency to downloading. You're dealing there with 175m single tracks bought a year compared to 7bn streams of music. The revenues are significantly growing, and I fundamentally believe that streaming and subscription models with unlimited access on all devices are the future of our business. But will people still listen to albums, or just single tracks, or send playlists to their friends? Answer: all of the above." —David Joseph, the handpicked successor of Lucian Grainge as CEO of Universal Music U.K. in 2008, quoted in The Guardian. (2/14a)