Taylor Swift pulled all her music how To Make Money Off Spotify Spotify on Monday, save for one song, in a move that’s got many of her fans—and especially the music streaming service—calling desperately for her return. The Shake It Off singer hasn’t been too keen on sharing her music with Spotify. Swift’s most recent album, 1989, wasn’t on the service, and she initially held off on allowing Spotify to stream her 2012 album, Red. Piracy, file sharing and streaming have shrunk the numbers of paid album sales drastically, and every artist has handled this blow differently. Music is art, and art is important and rare.
Valuable things should be paid for. It’s my opinion that music should not be free, and my prediction is that individual artists and their labels will someday decide what an album’s price point is. I hope they don’t underestimate themselves or undervalue their art. So how much do Spotify artists actually make? 0084, to be exact, according to Spotify Artists, a website that explains the service to artists. It’s a small per-stream royalty, but for someone like Swift, a one-cent-per-stream model would likely rack in millions. 1989, which is on track to set a record for the best-selling week ever for an album by a female artist. Other factors also make Spotify a lucrative opportunity for Swift.
An artist’s popularity on Spotify is also one of the major metrics in how payout is calculated, and it’s no secret that Swift is a huge traffic driver. We believe, however, that our service and the lives of artists will both be best if the world’s music fans enjoy more music than ever before in a legal, paid manner. Still, it’s obvious that not even the promise of millions is enough to seal a deal with Swift, who’s calling for artists to reject services that devalue their work through low payouts. Other artists have taken similar actions, including musicians like American rock duo The Black Keys, who have spoken out against the small royalties paid by streaming services. We hope she’ll change her mind and join us in building a new music economy that works for everyone. My hope for the future, not just in the music industry, but in every young girl I meet .
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Offers may be subject to change without notice. Enter the characters you see below Sorry, we just need to make sure you’re not a robot. Taylor Swift’s recent decision to yank her music off of 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.