Spotify’s Daniel Ek: killing the golden goose, one download at a time| Rebecca Nicholson
Digital music and audio | The Guardian 2020-08-08
Summary:
The streaming site’s boss is deaf to the creative process when he complains that artists are too slow with their talent
After reading a recent interview with Spotify founder and CEO, Daniel Ek, which had a “how to lose friends and alienate people” approach to public communications, I tried to unravel the economics of how on earth musicians are supposed to manage on the royalties that streaming services send their way.
I found myself so tangled up in tiny percentages and splits that I gave up and reached for the nearest soothing Chillout playlist. Ek, whose fortune is estimated by Forbes to be $4bn (£3bn), gave a surprisingly honest interview to the website Music Ally, in which he framed critics as the old guard, ill at ease with the inevitable new way.
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