Taylor Swift’s recent decision to yank her music off of How To Make Money Off Spotify, the online music streaming service used by more than 50 million people, has become the latest episode in the battle over the music industry’s diminishing profits. One central mystery in the drama: just how much do artists make when their songs are played on the service? 2013 in an attempt to satisfy curiosity about the company’s royalties formula, which factors in total revenue made by Spotify and total streams across the site, both unavailable to the public. 2 billion to record labels and publishers, half of that total in the last year alone. 6 million by streaming her music on Spotify in the past year.
2 million off global streaming of her music in the past year. While few are going to fear that Swift is about to go begging, the fact that the country’s best-selling artist believes Spotify devalues her work could have a major influence on whether other artists stick with the service. Swift told TIME about joining Spotify. And I tried it and I didn’t like the way it felt. I think there should be an inherent value placed on art. I didn’t see that happening, perception-wise, when I put my music on Spotify. Everybody’s complaining about how music sales are shrinking, but nobody’s changing the way they’re doing things.
Read Taylor Swift’s interview with TIME. Read more about Taylor Swift’s Spotify paycheck mystery. Taylor Swift arrives at the 2006 CMT Music Awards at the Curb Event Center at Belmont University in Nashville, Tennessee. Taylor Swift arrives at the 2007 CMT Music Awards. Taylor Swift performs during the 42nd Annual Academy Of Country Music Awards held at the MGM Grand Garden Arena in Las Vegas, Nevada in 2007. Casino in Las Vegas, Nevada in 2008. Taylor Swift performs live on MTV’s “TRL” at the MTV Studios in Times Square in New York City in 2008. Taylor Swift attends the 42nd Annual CMA Awards at the Sommet Center in Nashville, Tennessee in 2008.
Singer Taylor Swift arrives at CNN Heroes: An All-Star Tribute at the Kodak Theatre in Hollywood, California in 2008. Taylor Swift performs on Saturday Night Live in 2009. Taylor Swift arrives at the Brit Awards 2009 at Earls Court in London, England. Casino in Las Vegas, Nevada in 2009. Taylor Swift performs at Madison Square Garden in New York City in 2009. Taylor Swift arrives to the 2009 MTV Video Music Awards at Radio City Music Hall in New York City. Taylor Swift performs at the 43rd Annual CMA Awards from the Sommet Center in Nashville, Tennessee in 2009. Taylor Swift performs onstage at the 52nd Annual Grammy Awards held at Staples Center in Los Angeles, California in 2010. Taylor Swift drops one of her awards during the 52nd annual Grammy Awards in Los Angeles, California in 2010.
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