Rumors are that Spotify is raising a war chest to combat record labels imminent price rise.

In the seven months since Spotify launched in the U.S. it’s made huge strides, signing up over 3 million paying subscribers, and hitting 17.4 million monthly and 5.3 million daily users. Even though the record labels own a stake of the company, Spotify’s success make it a lucrative target for extortion.

The music content industry is a sinking ship, act accordingly.