Some artists say they’re not earning enough from music streaming. But streaming companies like Deezer, Spotify and Napster are still making a loss. How much do the streaming apps pay the music industry? Can musicians really even simply earn a minimum wage anyway?
As Spotify prepares to float itself on the stock market with a valuation of between $6-$20 billion, who will be receiving a slice of the cash?
Spotify are only required to divulge shareholders owning more than 5%. So here are our best estimates and guesses on the breakdown, according from official stock market filings and other sources.
Between them, the big four record-companies may own as much as 16% of Spotify, which could mean a windfall payout of up to $650 million.
Which they will no doubt immediately share with all the musicians and artists who have made Spotify such a desirable platform, right?
wino6687 on April 10th, 2018 at 18:16 UTC »
I want to switch to Apple Music but I’m not willing to give up device handoff, dark mode, and all the playlists.
hotblondieboy on April 10th, 2018 at 18:04 UTC »
I would gladly switch to Apple Music if they stopped restricting me to local charts and showed global charts like Spotify.
Just because I'm Turkish doesn't mean I want to listen to Turkish pop songs, Apple.
eggn00dles on April 10th, 2018 at 18:01 UTC »
anyone remember Tidal? lol