Criticism of Spotify not think his fans deserved the low quality they were receiving, and said it was bad for his music. Young's music has since returned to Spotify and other streaming services. In response, Spotify claims that they are benefiting the music business by "migrating them away from piracy and less monetized platforms, and allowing them to generate far greater royalties than before" by offering a free, ad-supported service tier, and then encouraging users to opt into the paid subscription. In June 2012, Charles Caldas, CEO of the Merlin Network (a representative body for over 10,000 independent labels), clarified that Spotify pays
Fortune Brands Home & Security the pre-announced corporate strategy of divesting unrelated product lines to focus on the liquor business. On the day after spinning off FBHS, Fortune Brands renamed itself as Beam Inc. to reflect this new strategy. Beam Inc. was subsequently purchased by Suntory to become its Beam Suntory subsidiary in April, 2014. On October 18, 2011, it was announced that Pershing Square Capital Management owned a 15% stake in the company, and considered its stock to be a very attractive investment. Fortune Brands Home & Security Fortune Brands Home & Security, Inc. (FBHS) is an American manufacturer of home fixtures and hardware,