That the music streaming service announced on Wednesday, two days after Apple announced to come up with a Spotify competitor. Half of paying users has entered into a subscription in the last year.
Spotify say they now have more than 3 billion dollars (2.7 billion euros) paid to beneficiaries, including more than $ 300 million in the first three months of this year.
These are payments to record labels, independent artists and writers. Usually not known what percentage of the royalties paid to labels to trickle down to the artists
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Spotify says it expects artists in the coming year will earn much more than Spotify in the past year. The average royalty payments to top 10 artists rise from $ 7.7 million to $ 13.9 million, expects the service.
For lesser known artists Spotify thinks that the average payment will increase from $ 700,000 to 1 , $ 2 million, although it is unclear how often the albums of such an artist should be listened to extract that amount.
sound in the music industry in the last year increasingly dissatisfied vote on music streaming services that also Offering free variant, because the royalties consequent much lower than from paid streaming services.
On Wednesday morning, reported the Wall Street Journal that Spotify has completed an investment round as much as $ 526 million, which the company is valued at 8 , $ 53 billion (more than EUR 7.5 billion)
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