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or, why it ain't a real business model...

The NPD Bomb: Spotify Already On the Defensive... — Digital Music News

and

Music Ally | Blog Archive » Missing: 24 million music buyers

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NPD claims that free online radio leads to a 41% increase in paid downloads, but free on-demand music leads to a 13% decrease in paid downloads.

A stat that may be seized upon by label bosses who are increasingly disillusioned with free on-demand models.