But unequivocally, from the data, there are more and more artists that are able to live off streaming income in itself." Blinding Lights" by the Weeknd (pictured) is the most-streamed song on Spotify, with over 3.5 billion streams. In private they have done that many times, but in public they have no incentive to do it.
In the entire existence I don’t think I’ve ever seen a single artist saying ‘I’m happy with all the money I’m getting from streaming… What tends to be reported are the people that are unhappy, but we very rarely see anyone who’s talking about… It’s quite interesting that while the overall pie is growing, and more and more people can partake in that pie, we tend to focus on a very limited set of artists…Įven today on our marketplace, there’s literally millions and millions of artists. While, sadly, it’s not surprising to see a company like Spotify consistently exploit those who are the backbone of their service for their own benefit and increased profit – while consumers are required to be directed toward their service, due to behaviour that can easily be seen as monopolizing a specific business sector: Ek has remained quiet on these issues – finally addressing them with Music Ally.Įk shared with interviewer Stuart Dredge:
Especially in the midst of a pandemic in which many have lost their livelihoods due to the lack of live music, Spotify have continued making decisions in order to increase their profit while musicians on their platform are barely receiving even close to liveable royalties, especially those who are independent or lesser known artists. Spotify seems to constantly find themselves in hot water often – with many calling out the service for extremely poor streaming royalties.
Music Ally engaged in a lengthy interview with Spotify CEO Daniel Ek, speaking on the company’s financial growth as well as addressing criticism directed toward Spotify for poor treatment of artists on their platform.įollowing the release of streaming giant Spotify’s latest financial statistics on July 29th Spotify CEO Daniel Ek engaged in an in depth interview and dialogue with Music Ally, regarding the company’s financial growth during COVID-19, as well as sharing his perspective on the criticism and backlash that the company has and continues to face.
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