CEO Daniel Ek directly answers questions raised after Spotify pays record amount to music industry



It has been reported that Spotify's payments to the music industry

in 2023 will be over $9 billion (approximately 1,355 billion yen) , the highest ever. Among them, indie music has grown the most, with almost half of the total, 4.5 billion dollars (approximately 678 billion yen), coming from indie music. Due to the large amount, it was widely covered in the press and many questions were asked, which Spotify CEO Daniel Ek has personally answered.



The first topic that came up was 'Does Spotify pay artists?'

Ek CEO replied that they do not pay artists individually, but to copyright management organizations such as record companies and publishers. CEO Ek is aware that there are times when people complain on social media that they are not being paid by Spotify, but this is a problem that is caused by conflicts between artists and copyright management organizations such as record companies. It depends on the contract, so it is difficult for Spotify to determine why this is the case.

However, as Spotify returns more and more money to the music industry, the industry grows, and artists are likely to benefit.

However, the reality is that some artists are dissatisfied with Spotify even if they are making money, and CEO Ek said, ``While the number of artists who are able to make a living through music is increasing year by year, 'There are more and more artists who are aiming to become successful.'

For example, there are hundreds of millions of people playing soccer, but only a small number of them are able to make a living playing soccer professionally. The same is true for music; although there are many people who say they play music, there are still only a few million people who can make a living as music professionals.

When asked, ``So, are superstars the only ones who are successful?'' CEO Ek answered, ``Of the $9 billion that Spotify will pay to the music industry in 2023, half of it, $4.5 billion, will go to independent and indie people. 'Many of them are becoming successful with Spotify. Some people are now able to make a living solely from music, and we are very proud of that.'

The ``Fresh Finds'' initiative that Spotify has been conducting since 2016 has become a gateway to artist development, and tens of thousands of artists have been discovered in 30 different playlists.

Fresh Finds - playlist by Spotify | Spotify
https://open.spotify.com/playlist/37i9dQZF1DWWjGdmeTyeJ6



In addition, X user Der Obsanje said, ``Spotify pays 70% of its revenue to record companies.When artists complain about their income from Spotify, they are dealing with record companies, and they are not responsible for what Spotify has done.'' I am not complaining about the current distribution of income.''



Related Posts:

in Web Service, Posted by logc_nt