"The music industry is changing - and we're proud of our part in that change - but lots of problems that have plagued the industry since its inception continue to exist. "When I hear stories about artists and songwriters who say they've seen little or no money from streaming and are naturally angry and frustrated, I'm really frustrated too. ![]() And that's two billion dollars' worth of listening that would have happened with zero or little compensation to artists and songwriters through piracy or practically equivalent services if there was no Spotify - we're working day and night to recover money for artists and the music business that piracy was stealing away. "A billion dollars from the time we started Spotify in 2008 to last year and another billion dollars since then. Insisting that the company's aim is to "maximise the value of music", he continued: "Spotify has paid more than two billion dollars to labels, publishers and collecting societies for distribution to songwriters and recording artists. "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." "So all the talk swirling around lately about how Spotify is making money on the backs of artists upsets me big time. We started Spotify because we love music and piracy was killing it," he wrote. ![]() ![]() "Taylor Swift is absolutely right - music is art, art has real value, and artists deserve to be paid for it. Spotify has responded to Taylor Swift's decision to pull her entire back catalogue from its streaming service, as well as the ongoing debate concerning artist payments.ĬEO Daniel Ek penned a blog post to dispel some of the apparent myths that have sprung from the discussion about Spotify as a workable business model.
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