Paul Reskinoff predicts that Pandora, one major label, Spotify, Live Nation, and MySpace will all be just a memory within the next five years. Why? According to Reskinoff, Pandora does not have a sustainable business model and its founder Tim Westergren has been liquidating his available shares. The major label model continues to crumble in the digital age; Spotify and Live Nation have been continually losing money, and MySpace has lost its relevance. Keep a watch on these companies to see if Reskinoff’s predictions become realities.
5 Music Companies That Will Disappear Within 5 Years
