Taylor Swift & Spotify's Back & Forth Continues, CEO Responds to Her Concerns
Taylor Swift waves to her fans as she arrives at Good Morning America on Tuesday morning (November 11) in New York City.
The 24-year-old entertainer promoted a new app that is available that will insert you into her “Blank Space” music video!
Spotify CEO Daniel Ek recently responded to Taylor after she pulled her music off of his streaming site.
“Taylor Swift is absolutely right: music is art, art has real value, and artists deserve to be paid for it,” Ek said. “So all the talk swirling around lately about how Spotify is making money on the backs of artists upsets me big time. [Royalties] are on track to exceed $6 million a year.”
“We’re paying an enormous amount of money to labels and publishers for distribution to artists and songwriters, and significantly more than any other streaming service,” he added. “If that money is not flowing to the creative community in a timely and transparent way, that’s a big problem. Here’s the overwhelming, undeniable, inescapable bottom line: the vast majority of music listening is unpaid. If we want to drive people to pay for music, we have to compete with free to get their attention in the first place.”
“Spotify has paid more than two billion dollars to labels, publishers and collecting societies for distribution to songwriters and recording artists. A billion dollars from the time we started Spotify in 2008 to last year and another billion dollars since then. And that’s two billion dollars’ worth of listening that would have happened with zero or little compensation to artists and songwriters through piracy or practically equivalent services if there was no Spotify – we’re working day and night to recover money for artists and the music business that piracy was stealing away,” he added.
FYI: Taylor is wearing a Calvin Klein Collection top and skirt, Stuart Weitzman shoes, Jennifer Meyer earrings, and Melinda Maria, Jennifer Meyer, and Hysteric Co. rings.