Sean Parker, the billionaire of Napster and Facebook fame, is on to his next big deal: Spotify, which started in Europe and is now offering streaming music in the U.S.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":334888,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"media,social,","session":"B"}']In a conversation with Spotify chief executive Daniel Ek, Parker said that the rise of Spotify and other music streaming services and the debut of their integration with Facebook today fulfilled the original vision he had for Napster. And that vision wasn’t about music piracy.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
Parker predicted no less than a rebirth of the music business itself, thanks to better music discovery through the combination of Facebook and Spotify.
Parker was a co-founder of Napster, an early shepherd of Facebook, and is now an investor in Spotify. He was such a unique and interesting character that he was played by Justin Timberlake in the movie The Social Network, a fictionalized account of the founding of Facebook. In real life, he played a role in cracking the foundations of the old music business, and now he’s looking to rebuild it.
Parker and Ek held their discussion in a warehouse in San Francisco with opulent party trimmings. The catered meal included roasted pigs, oysters, bottles of tequila, and sushi. The entertainment included The Killers, Jane’s Addiction, and Snoop Dogg.
Ek said that Napster, the disruptive music sharing service started by Parker and Shawn Fanning (who was also there tonight), inspired him when he was growing up.
And Parker said, “Meeting Daniel was one of the three key moments in my life, alongside meeting Shawn Fanning and meeting Mark Zuckerberg.”
[aditude-amp id="medium1" targeting='{"env":"staging","page_type":"article","post_id":334888,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"media,social,","session":"B"}']
Facebook today announced that Spotify would be integrated into Facebook so that a friend could listen to a song at the very same moment another friend was listening to it, in a kind of social music discovery. Spotify’s iPhone app, which offers users convenience, requires a subscription fee. Users can now listen to music, watch TV, or view movies without ever leaving Facebook.
“If you want full portability, you have to pay,” Parker said. “The iPhone version has paved the way for that. This was ultimately the most important element in monetization. The element that consumers were wiling to pay for was convenience.”
The most important unanswered question? Parker said, “Music discovery has always been social. Obviously there has been these top-down media like MTV and radio, but so much music discovery has happened by word of mouth in a dorm room, people going to clubs or hearing music in a restaurant. That social process has always been the real fuel.”
[aditude-amp id="medium2" targeting='{"env":"staging","page_type":"article","post_id":334888,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"media,social,","session":"B"}']
With Facebook, Spotify can now “supercharge that discovery,” Parker said. “More people will experience music than ever before. As long as that is coupled with a monetization platform that actually works, we have a solution.”
Here’s some video of the full conversation between Parker and Ek below. And below that we have a panel of industry artists and managers talking about the significance of Spotify. The panel includes Jane’s Addiction lead singer Perry Farrell, Brandon Creed (manager for Bruno Mars), producer Ray Romulus, Paul Rosenberg (Eminem’s manager) and disc jockey Kaskade. Afterward, the Killers opened the show and Parker danced next to me. At the bottom is the Killers performing.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More