In news that shows that Tool are finally making progress on their new album and actually do envision releasing it, Bloomberg is reporting that the band are in negotiations to make its catalog available on streaming services in time for the release of its first album in more than a decade, according to people with knowledge of the matter.
Bloomberg reports:
Members of Tool have been talking to the biggest services, including Spotify Ltd. and Apple Inc., about the best way to release their music, said the people, who asked not be identified discussing the private negotiations. Lead singer Maynard James Keenan didn’t respond to requests for comment. The music services declined to comment.”
The hard-rock quartet, whose hits in the 1990s included “Sober” and “Prison Sex,” is one of the few major recording acts still unavailable on most streaming services. The steady flow of revenue from Spotify and its ilk have become essential to an industry still reeling from the advent of the internet, with record labels reporting sales growth for the first time in decades.
The Beatles gave in to streaming services a couple years ago, and the estate of Prince put his catalog online in February. While Taylor Swift still won’t offer some of her music on Spotify, users of pay services such as Apple Music can listen to all the country-pop they want.
