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Originally posted by Nippy'sReceipts
Right. It seems like a gullible business model.
Something being free with advertising will always be better than paying monthly for music you can get for free anywhere online.
And it isn't like it's the starving artists contesting Spotify for paying them pennies. It's of course the most avaricious artists (Jay Z, Taylor, etc) in music showing their greed. I hope Madonna stays out of this monopolize streaming mess esp. with as much money as she has but I wouldn't count on it.
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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.