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Yes, Major Record Labels Are Keeping Nearly All The Money They Get From Spotify, Rather Than Giving It To Artists


And, it appears, there's a decent reason why those labels haven't been eager to be transparent: because they're keeping most of the money. The Music Business Worldwide site has the details on a new report put together by Ernst & Young with the French record label trade group SNEP, concerning where the money from streaming services Deezer and Spotify ends up. Spoiler alert: it's not with the artists. Here's the overall share of the 9.99 Euros that people pay for a premium account on these services:

Yes Major Record Labels Are Keeping Nearly All The Money They Get From Spotify Rather Than Giving It To Artists Techdirt

Yes Major Record Labels Are Keeping Nearly All The Money They Get From Spotify Rather Than Giving It To Artists Techdirt

Source: https://www.techdirt.com/articles/201502...

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Shameful.

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