Spotify CEO Defends Firm After Taylor Swift Pulls Albums

Every week after Taylor Swift pulled all her music from Spotify, Daniel Ek, the corporate’s CEO, is defending its enterprise mannequin. "Taylor Swift is completely proper: music is artwork, artwork has actual worth, and artists need to be paid for it," he wrote Tuesday in a weblog submit. Swift, whose album "1989" went platinum in its first week with 1.287 million copies bought, had been essential of streaming providers like Spotify even earlier than she pulled her albums, writing within the Wall Road Journal, "Piracy, file sharing and streaming have shrunk the numbers of paid album gross sales drastically, and each artist has dealt with this blow in a different way." Different artists together with Radiohead’s Thom Yorke have leveled comparable criticisms at Spotify. On Monday, nation music star Jason Aldean pulled his newest album "Previous Boots, New Filth" off the service. Ek defended his enterprise mannequin, saying that Spotify had paid $2 billion to the music business, whereas, "Piracy doesn’t pay artists a penny — nothing, zilch, zero." He wrote that Spotify has 12.5 million subscribers who pay $one hundred twenty a yr — which he stated is 3 times what the typical music shopper paid up to now — and that artists like Taylor Swift stood to make greater than $6 million a yr from the service.

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— Keith Wagstaff
First revealed November eleven 2014, 7:forty seven AM