Feeds

Spotify coining it at home in Sweden: But are artists getting any?

Counting out the royalties with sticky fingers

Choosing a cloud hosting partner with confidence

New figures from the Swedish music market suggest that streaming services are good for music. Revenue from streaming services grew 79 per cent in the first half of the year, making up for declines in CD sales and digital downloads, according to local trade body GLF. Spotify launched in Sweden first, in 2008.

CD sales were barely down at all - with just a one per cent decline - and although streaming services ate into a la carte downloads the overall revenue increased by an impressive 30 per cent.

Major record labels, particularly Universal Music, can be relied on to big up Spotify, since they are major investors and equity holders in the service. But have the labels undervalued the music they provide to it? The deals were struck when the industry was desperate to compete with 'free'. Musicians say the chickenfeed royalties they receive from Spotify mean that the label bosses have sold out too cheaply.

Cellist and composer Zoë Keating recently published her Spotify revenues on a public spreadsheet. While she commends it as an "awesome" listening platform, she earned just $281.87 from 72,000 plays, or around three-tenths of a cent per play. For comparison, for a five month period she earned $46,477 from iTunes downloads.

She also noted that Spotify pays indie label artists much less than artists on major labels. Her analysis is well worth a look.

"Spotify’s CEO is the 10th richest man in the UK music industry ahead of all but one artist on his service," guitarist David Lowery pointed out recently. ®

Security for virtualized datacentres

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.