New post added at Spotify CEO bemoans Swift exiting the service HELSINKI (AP) — Spotify’s Swedish CEO voiced disappointment Tuesday that Taylor Swift pulled her music off the popular music streaming service, denying claims it’s making money “on the backs of artists.” Daniel Ek defended the service in a blog post, saying he had co-founded the platform to protect artists from piracy and had paid more than $2 billion to music labels and publishers since 2008. In the blog titled “$2 Billion and Counting,” Ek said that piracy doesn’t pay artists a penny, “nothing, zilch, zero,” while Spotify’s payouts for a top artist like Swift were on track “to exceed $6 million a year.” Artists complain that music streaming services and file sharing have sharply cut into album sales and that the fees Spotify pays to record labels and music publishers, with a portion eventually funneled to musicians, is too small. Swift pulled her music from Spotify last week, meaning her songs, which were among the most streamed on the service, are no longer available to its 50 million users
Posted on: Wed, 12 Nov 2014 02:28:36 +0000
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