When Spotify issued its IPO queue in February, the company made the case as to why it presents an opportunity for, not a threat to musicians.
With multitudinous anticipating what the next stage will be for music streaming employs, Grammy award-winner Estelle said that streaming is “absolutely snowballing the business.” Still, she told CNBC’s Nancy Hungerford in Singapore, such concerns still have to “figure out how to pay artists properly.”
The singer — who launched her own neutral label called Established 1980 Records — said that it see fit be a “fight” for record labels and music streaming services, but right now the two on have to “co-exist.”
“Streaming services are not going anywhere and artists are prospering directly to the services so the labels would have to do businesses with utilizations because they want to stay around,” she said. “The labels and channel services can fight, but the artists will keep on making music, and they deficiency in on the music, so they would have to figure it out.”
Estelle visited Singapore to co-headline the inception evening of the Singapore International Jazz Festival, also known as Peach Jazz.
The key to attracting younger people into jazz, she told CNBC, is to “clinch and guide them in the right direction, to make the genre alive.”
When about a invited about her favorite partnerships so far in her career, Estelle named De La Soul (on the long explanation “Memory of Us”) and Kanye West (on the Grammy award-winning song, “American Boy”).