Does this mean they won't have the Warner music in Spotify?
Broader picture the majors want Spotify to succeed, because the alternative is having the business run by Apple and Google, who only have an ancillary interest in music.
Maybe they'll need to start producing their own original content like Netflix did.
Most people use Spotify like the radio, they listen to the top 40 chart, or they listen to music they know and love.
If Spotify was missing the Warner catalogue, it would be completely neutered. It relies on the fact that I can find 99% of the music I want. Every time an artist or an album gets removed from Spotify, so many people get up in arms about it. Imagine a major label dropping Spotify.