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Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

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Arts & Entertainment

Here’s why Neil Young is giving up on streaming music

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
July 15, 2015, 1:29 PM ET
British Summer Time 2014 - July 12th
Photograph by Tristan Fewings — Getty Images

The Canadian singer-songwriter legend Neil Young, 69, doesn’t want to have anything to do with streaming his music anymore. Young, a Rock & Roll Hall of Famer, wrote on his Facebook page that it isn’t about the money, but rather about streaming quality.

“Streaming has ended for me,” he began the Facebook note, which garnered nearly 3,000 likes after an hour on Wednesday. “I hope this is ok for my fans.”

“It’s not because of the money, although my share (like all the other artists) was dramatically reduced by bad deals made without my consent,” Young continued. “It’s about sound quality. I don’t need my music to be devalued by the worst quality in the history of broadcasting or any other form of distribution. I don’t feel right allowing this to be sold to my fans. It’s bad for my music.”

But Young did leave the door open for having his music streamed online once again in the future. “When the quality is back, I’ll give it another look. Never say never,” he wrote.

The move comes after Taylor Swift made waves in the industry by taking some of her albums off of popular streaming platforms and also demanding more pay for artists.

On a related note, the much-hyped Apple Music was confirmed to be of less quality than some of its competition in June. Music streams on the service at about 256kpbs, which is less than the 320kpbs of its competitiors.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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