UMG Global Digital Chief Rob Wells Loves Spotify, Calls Pandora “Dumb” [VIDEO]

(UPDATED) On a new episode of This Week In Music, Ian Rogers interviews Rob Wells, Universal Music Group's President of Global Digital Business.  Wells was an early champion of Spotify and streaming services: "its incremental revenue not cannibalistic revenue". He sees them able to monetize younger fans and create scale to generate significant revenue. "They provide an opportunity to monetize the 95% of music that is consumed without licenses." But Wells is strongly critical of Pandora: "It's a very dumb service…they are not doing music or the recorded music business any favors". WATCH: