Spotify states its defencemain
The founder of the streaming service, Daniel Ek, has come out fighting against claims that his service undervalues music, following withdrawals by Taylor Swift and others.
He said Spotify was defending music against theft: ‘Piracy doesn’t pay artists a penny – nothing, zilch, zero… Spotify has paid more than two billion dollars to labels, publishers and collecting societies for distribution to songwriters and recording artists.’
Told that 500,000 listens to a song ill yield a payout of up to $US4,000, he said that is far more than radio stations pay in royalties for the same number of plays.
He has a point.