Spotify CEO: "Without Us, The Music Industry Would Be Dead"
Spotify, the famed streaming service that consumers know and love, faces significant controversy after the CEO, Daniel Ek, made the statement: “the music industry would be dead without Spotify.” A bold claim at the very least, many people share contradictory opinions.
Ironically, many artists including Taylor Swift and Adele have withdrew their music from the service due to poor compensation. While Spotify claims that 70% of revenues go to the artists, reports conclude that artists get less than a penny for every play. Because of this, many are questioning the merit behind the CEO’s brazen statement.
Read more here.