Taylor Swiftâ€™s Spotify Paycheck Mystery
J Thoendell stashed this in Music
According to Borchetta, the actual amount his label has received in return for domestic streams of Swiftâ€™s musicâ€”$496,044â€”is drastically smaller than the amount Spotify has suggested the artist receives. That sum represents only a portion of the amount paid out by the streaming service.Â Spotify CEO Daniel Ek said TuesdayÂ that the label for an artist of Swiftâ€™s popularity could expect to receive $6 million in the next year from the streaming service as the siteâ€™s audience grows. Borchetta said his label had made more from streaming Taylor Swiftâ€™s videos on the video site Vevo than it has from putting her music on Spotify.
A Spotify spokesperson told TIME that the total payout for Swiftâ€™s streaming over the past 12 months globally was $2 million.
So someone's lying.
And ultimately Taylor Swift is right, that Spotify is not worth $500k to her:
Taylor Swift can make so much more just selling albums and Vevo.