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Spotify once had a reputation for underpaying music artists. It hopes to change that perception [Los Angeles Times (CA)]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
And the then-new audio streaming services, like Spotify , were taking hits from creators for paying low royalty rates. Today, Spotify has grown into the world's most popular audio streaming subscription service and the highest-paying retailer globally — paying the music industry over $11 billion last year. The Swedish company said in a recent post that the payouts aren't strictly going to ultra-popular artists, but that “roughly half of royalties were generated by independent artists and labels.” “A decade ago, a lot of the questions were really fair. Spotify had to be able to prove out if it could scale as an economic engine. People didn't know if streaming would scale as a model,” said Sam Duboff, Spotify's global head of marketing and policy of music business. Duboff said Spotify's payouts aren't “plateauing — we're still growing that royalty pool on Spotify more than 10% per year.” He credits the streaming platform's growth to “incentivizing people to be willing to pay for m Show less Read more
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