Here is the problem with most of the arguments against Spotify; we don’t know the terms of the deals bands have signed with their labels or publishers. What kind of an advance do artists get for publishing/record deal? What are the exact terms? Without any of this information, we can’t tell exactly what is happening to the money after Spotify writes the check. All we know is – the owner of the publishing on a song or band member should be seeing what they signed up for in their contract. It isn’t Spotify’s fault that the money isn’t making it’s way to artists.
Why is Spotify in the crosshairs because publishers and labels don’t pay the artists/writers? Did writers march on Best Buy or Target headquarters when they felt they weren’t getting a big enough piece of CD sales? What about the payouts from YouTube?
How much of the $11.99 a fan spent on a CD in the 90’s actually went to the group TLC? Weren’t they broke even after selling millions of CDS?
Streaming is here to stay, no matter what the 1 percenters like Taylor Swift do with their millions and private owned jets. I could have sworn musicians weren’t supposed to like millionaire musicians?
I’m Spotify CEO Daniel Ek. And These Are the Facts…
Taylor Swift is absolutely right: music is art, art has real value, and artists deserve to be paid for it. We started Spotify because we love music and piracy was killing it. So all the talk swirling around lately about how Spotify is making money on the backs of artists upsets me big time.
Our whole reason for existence is to help fans find music and help artists connect with fans through a platform that protects them from piracy and pays them for their amazing work.
Read what he said HERE: http://www.digitalmusicnews.com/permalink/2014/11/11/im-spotify-ceo-daniel-ek-facts