The divide, like most things in business, is over money.Īccording to Spotify’s artist page, they distribute about 70% of their revenues as royalties to rightsholders, including songwriters, musicians and their representatives. The answer, of course, is complicated but we’re going to take a look at the arguments and understand both what is at stake for the music industry. So this begs the question: What is the issue and who is on the right side?
The rift was immediate an immense with artists, executives and music fans all taking sides. On the other is Spotify, an immensely popular music streaming service that recently announced it has some 12.5 million paying subscribers, up from 10 million earlier this year.Īt the center of the conflict is Swift’s decision to pull her content off of Spotify just as her latest album, 1989, was beginning to take off. If the coverage is to be believed, on one side of the divide is Taylor Swift, the ultra-popular musician who recently managed to sell over 1.25 million albums in a week, the first time that has happened in 12 years. Not since the days of Napster and possibly the start of iTunes has the music community been so divided about what their future should look like. A war has broken out in the music industry.
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