music · 05 December 2013 · 11 years ago
Spotify responded to critics by revealing how much acts can expect to earn from the music streaming site. The company said it paid an average of $0.007 per play, according to figures on its new website Spotify Artists, aimed specifically at musicians. Explaining its business model, Spotify said it had paid more than $1bn (£612m) in royalties since its 2008 launch. Earlier this year Radiohead singer Thom Yorke pulled material from the site in protest at how much it pays artists.
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