5 Music Companies That Will Disappear Within 5 Years

Posted on December 16, 2013 by Erin M. Jacobson - Music and Entertainment Attorney, Los Angeles, CA

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.

Erin M. Jacobson - Music and Entertainment Attorney, Los Angeles, CA

About Erin M. Jacobson - Music and Entertainment Attorney, Los Angeles, CA

Known as "The Music Industry Lawyer", Erin M. Jacobson represents a talented roster of musicians and music business professionals. In her Los Angeles office, Erin works directly with her clients at every career stage to protect them and their creative endeavors. In addition, she has published numerous articles and speaks regularly on music industry issues.
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