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Originally posted by gettsleazy
Funny thing is, artists actually take home more money from streaming than they do from iTunes sales (at least "indie" artists, Taylor and Bey probably bring in ca$$$$h.) Theres a "rough" formula that basically says for every million streams a song gets, the artist makes around $6k.
This probably explains why Taylor and Jay-Z don't want in on it. Because she's so in demand, six thousand per million streams isn't enough for her. On the flip side, someone like Tove Lo is making a pretty penny, seeing as for being an "underground" pop artist, she's making well over a million to herself.
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And I'm sure the label is getting paid off of Tove Lo's streams as well.No way is the music business going to abandon Spotify just yet. Streaming is saving the music business right now and one of the few ways to make money from consumers since music sales are dead (for most artists)
I think even Itunes sales are decreasing now these days.
