Queensryche Singer Todd LaTorre posted on his Facebook August 3 2020 his Statement towards Spotify's CEO remarks to Artists streaming income.
Hey billionaire asshole: Sure, we enjoy touring and making new music, BUT pay artists appropriately and we won't have to tour year round AND still try to make albums every few years with zero room to breathe.
"That’s our mission—to unlock the potential of human creativity—by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it."
As of January 2019, Spotify reports that it pays out between $0.00331 and $0.00437 per stream to rights holders.
Who's living off of this exactly other than him, the suits, and a handful of artists? Meanwhile, many bands are closing up shop because of this virus. For most bands, there is no "livable" income when you aren't touring. These "millions" of artists they stream are out of work, but those songs keep streaming and banking revenue, just not for the talent. Gtfoh.
In an interview, CEO Spotify Daniel Ek told Music Ally: Reprint BLABBERMOUTH
"Even today on our marketplace, there's literally millions and millions of artists. What tends to be reported are the people that are unhappy, but we very rarely see anyone who's talking about… In the entire existence [of Spotify], I don't think I've ever seen a single artist saying, 'I'm happy with all the money I'm getting from streaming,' stating that publicly. In private, they have done that many times, but in public, they have no incentive to do it. But unequivocally, from the data, there are more and more artists that are able to live off streaming income in itself. "
"There is a narrative fallacy here, combined with the fact that, obviously, some artists that used to do well in the past may not do well in this future landscape, where you can't record music once every three to four years and think that's going to be enough," he continued.
"The artists today that are making it realize that it's about creating a continuous engagement with their fans. It is about putting the work in, about the storytelling around the album, and about keeping a continuous dialogue with your fans.
"I feel, really, that the ones that aren't doing well in streaming are predominantly people who want to release music the way it used to be released," he added.
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