Spotify paid more than $2b in royalties

- Give Up Coffee For Beautiful Breasts
- Welcome to your First Trimester
- Welcome to your Second Trimester
- Welcome to your Third Trimester

Taylor Swift had criticised streaming services such as Spotify, saying they do not share enough of their revenue with musicians.

On Tuesday, Spotify chief executive Daniel Ek responded, saying the streaming service has paid more than US$2 billion (S$2.58 billion) in royalties.

He defended the service, calling it the fastest growing source of new revenue for the music industry. "We started Spotify because we love music and piracy was killing it," he wrote in a blog post on Spotify's website. "So all the talk swirling around lately about how Spotify is making money on the backs of artists upsets me big time."

He added that "lots of problems that have plagued the industry since its inception continue to exist. As I said, we've already paid more than US$2 billion in royalties to the music industry and if that money is not flowing to the creative community in a timely and transparent way, that's a big problem".

Middlemen, namely record labels and publishers, often take a big portion of the royalties paid by streaming services such as Spotify.

Spotify said 70 per cent of its revenue goes to music rights holders. But it also said money breaks down to payments of seven-tenths of a penny for artists every time their song is played.

Spotify said top-selling artists such as Swift can draw payouts exceeding US$6 million a year through the service. But for most artists, the payments are not enough to make a living.

"I'm not willing to contribute my life's work to an experiment that I don't feel fairly compensates the writers, producers, artists and creators of this music," Swift said to Yahoo Music last week after pulling her songs from Spotify. "And I just don't agree with perpetuating the perception that music has no value and should be free."

Some industry investors and analysts say Spotify is not the problem - they say it is the middlemen.

"Frequently lost in this debate is a discussion of the presence, or perhaps obsolescence of the middleman and the amount of revenue they keep," Mr David Pakman, an investor at the Internet venture capital firm Venrock, said in a recent blog post.

"They claimed they served an invaluable role in the creation of music. Interestingly, the overwhelming majority of these activities are not needed in the digital age - trucks, manufacturing - or cost a whole lot less to perform - electronic distribution."

Major music labels such as Universal Music Group, Sony Music and Warner Group all have minority stakes in Spotify, part of a bet that subscription-based listening is the future.

In the blog post, Mr Ek said Spotify gained 2.5 million subscribers in the last six months, bringing its total paying customers to 12.5 million out of their 50 million total users.

He also argued that Spotify is the industry's best shot at turning around a habit of getting music for free. He said 80 per cent of paying subscribers - mostly young users - started out as users of its free service.

 
Others
 
- Early rap star took hip-hop to pop charts
- Minaj sorry about Nazi images
- Randy Jackson leaves American Idol
- Robin Williams suffered Lewy body dementia
- Review Animation : BIG HERO 6 (PG) - Big on realism and sweet moments
- Review Drama : WAYANG BOY (PG) - Bogged down by pointless sideshows
- Review Comedy : DUMB AND DUMBER TO (PG13) - Best friends have the last laugh
- Daniels scores at comedy and drama
- Review Biopic : KILL THE MESSENGER (NC16) - Cautionary tale on whistleblowing
- Women make-up artists allowed to work in Bollywood
 
 
 
Youtube channel
Top Search
- Losing Weight In A Week With Honey
- Foods That Cause Miscarriage
- 9 Bad Habits That Can Cause Miscarriage
- Grape Is Pregnant Women’s Friend
- What Is Placenta Calcification
- 7 Kinds Of Fruit That Pregnant Women Shouldn’t Eat
- Do Not Miss Sugarcane Juice In Pregnancy
 
Top 10
- Omega 3 fatty acids – what’s all the fuss about ? (part 3) - DHA supplements
- Omega 3 fatty acids – what’s all the fuss about ? (part 2) - Docosahexaenoic acid
- Omega 3 fatty acids – what’s all the fuss about ? (part 1) - The science bit, Alpha linolenic acid
- Your Pregnancy After 35 : Labor and Delivery (part 15) - When You’re Overdue
- Your Pregnancy After 35 : Labor and Delivery (part 14) - Baby’s Birth Presentation
 
 
 
Recipes
- Healthy Recipes for a Vegan Pregnancy : Sides (part 17) - Caramelized Baby Carrots, Roasted Garlic, Zucchini, and Onions
- Chocolate Covered Naartjies - Cauliflower Carpaccio With Watercress And Almond Dressing - Avocado Mousse Topped With Cauliflower And Bacon Crumbs (part 2)
- RECIPE Orange Cointreau jellies : Golden dessert to beat the glut
- BBQ Chicken Around The World (Part 2) - Beer can chicken
- Healthy Recipes for a Vegan Pregnancy : Vegan Breakfasts (part 8) - Vegan Crepes, Tofu Florentine, Quick Hollandaise Sauc uick Hollandaise Sauce, Potato Poblano Breakfast Burritos
- Midweek Meals - These Dishes Promise Smooth Sailing (Part 2) - Lemon and thyme lamb with warm pumpkin salad
- Grill Happy Healthy Family Dinners (Part 5) - Pork and plum skewers
- Healthy Recipes for a Vegan Pregnancy : Soups and Stews (part 4) - Ten-Minute Cheater’s Chili, Thai Tom Kha Coconut Soup , Cold Spanish Gazpacho with Avocado
- Winter Favourites New Ideas Cooking (Part 2) - Mac ’n’ cheese with pumpkin
- Celebrate Christmas Soon In July (part 2) - Roast pumpkin, fennel & brussels sprouts
- Healthy Recipes for a Vegan Pregnancy : Desserts (part 6) - Foolproof Vegan Fudge, Cocoa-Nut-Coconut No-Bake Cookies , Cheater’s Pumpkin Pie Cupcakes
- Budget Meal Planner For This Week (Part 1) - Monday - Spinach & Sausage Penne
- Budget Meal Planner For This Week (Part 5) - Friday - Rendang Beef Noodles
- Homegrown Treasures Time To Harvest (Part 2) - Beetroot & shallot tatins
- Get To Know Your Salad (part 2) - Greens & Berry Salad