While Spotify hesitated, other streaming services have been able to meet the needs of artists and gained popularity among musicians and fans alike. Spotify’s mission is “ 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 these creators”.īy providing the lowest revenue shares and unclear payment methods, Spotify is ultimately falling short of its promise to musicians. When it came out in 2006, Spotify ended the digital piracy era of music, allowing artists and labels to get back control over their content.Įven though Spotify’s crucial role in the music landscape is unquestionable, musicians and listeners worldwide are now asking the streaming service to support the artists through fairer streaming royalties and a level of transparency in the revenue distribution that Spotify hasn’t provided so far.Īs a response to Spotify’s difficulties in meeting their demands, artists have become outspoken about their dissatisfaction with the streaming service and shifted to new platforms. Today Spotify is home to over 400 million active users worldwide, more than double the number of listeners of its main competitors, Apple Music, and Amazon Music. The Great Streaming DebateĪrtists have caught on to how streaming services should be an integral part of their income, so rightfully they have begun questioning the revenue sharing system and ethics of the biggest player in the game, namely Spotify. The recovery has been driven, you might guess, by the streaming services, which now make up over 60% of the global recorded music revenues. Since 2015, the music industry has been gradually recovering after the digital revolution that took the industry by storm at the beginning of the millennium. With the constant decline in revenues from physical sales and performance rights, the debate on music streaming services and their role in the artists’ well-being is more heated than ever. While you’re here, also check out our research piece on the current streaming royalty stats for musicians.

But due to a number of shortcomings, Tidal is now a higher-quality and more ethical alternative to Spotify.When it came out in 2006, Spotify essentially ended the digital piracy era of music.The debate on music streaming services is more heated than ever.

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