Taylor Swift and her record label, Big Machine, think Spotify CEO Daniel Ek may want to recheck his calculations. Big Machine CEO Scott Borchetta says that Ek overestimated what Swift earns from the site by a longshot.
Back on Tuesday, Ek took Swift’s feud with Spotify to a new level, claiming that his company pays big money to record labels when their music is streamed. In fact, he wrote that Swift was on track to earn $6 million a year just from having her music on Spotify in the future.
In an interview with Time Magazine, Borchetta called that number a gross overestimate. He claims that Swift’s music has only earned $496,044 domestically from Spotify.
Time already caught up with a Spotify spokesman, who said that Swift has earned $2 million globally over the past 12 months.
“The facts show that the music industry was much better off before Spotify hit these shores,” Borchetta explained to Time. “Don’t forget this is for the most successful artist in music today. What about the rest of the artists out there struggling to make a career? Over the last year, what Spotify has paid is the equivalent of less than 50,000 albums sold.”
Two other Big Machine artists, Justin Moore and Brantley Gilbert, have also pulled their more recent albums,
Swift’s latest album, 1989, earned a second week at the top of Billboard and has sold 1.68 million copies since it was released last month.
image courtesy of INFphoto.com
There has been a critical error on your website.<\/p>
Learn more about debugging in WordPress.<\/a><\/p>","data":{"status":500},"additional_errors":[]}