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Why Neil Young's Spotify standoff matters to the music industry – Axios

Spotify will remove Neil Young's music from its streaming platform, because the 76-year-old rock icon objected to the company's response to vaccine misinformation.
The big picture: This matters more than you'd think, given the popularity of old music.
Yes, but: Many of the big new releases of 2021 were dropped because tour dates got COVID-canceled, Matt Yazge, vice president of research business for MRC Data, tells Axios.
Oldies are popular partly because more boomers and Gen Xers are using streaming services. But a big driver of this trend is TikTok.
Go deeper: Music sounds like money to Wall Street



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