![]() ![]() record label known as Victory Records complained that Spotify has removed its entire catalog from circulation, after the record company alleged the company was underpaying for its content.Īccording to a survey by a royalty-tracking service called Audiam, Spotify hasn’t paid royalties on millions of streams involving more than 3,000 recordings that Victory Records and a sister company hold the rights to. In one of the latest scuffles over this issue, a U.S. One recurring trend is a chorus of complaints from musicians that the company doesn’t pay enough in royalties for the music it streams, despite the fact that Spotify notes it has paid more than $3 billion in royalties since the company began in 2008. Unfortunately for Spotify, being number one also means that it is the highest-profile target for criticism, and it has been getting plenty of that. ![]() ![]() Pandora’s user base is somewhat larger, at almost 80 million users, but fewer than 4 million of those are actual paying subscribers. Spotify is currently the leader of the streaming-music pack, at least when it comes to revenue, with 20 million paying customers, out of a total user base that it says is around 75 million. Regardless, having 6.5 million subscribers puts Apple Music in the lower tier of music services, alongside players like Deezer, the French service that just filed for an IPO with 6.3 million paying subscribers (although the company admits that almost half of those paid for a phone that had Deezer bundled with it, but don’t actually use it). ![]() Admittedly, for a new streaming-music service to acquire 6.5 million paying customers right out of the gate is still fairly impressive, even if it is a drop from the 11 million that Apple (AAPL) said were using its service to begin with (it’s unknown how many of those subscribers just forgot to cancel and were automatically billed). ![]()
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