Does Spotify Make Bands Money?

Metronome asked around. Here’s one response:

Exec 1: “Our income from iTunes, Beatport, emusic, Amazon etc is pretty good. The income from Spotify is MICROSCOPIC - LAUGHABLE - PATHETIC. The fact that haven’t been sufficiently called out on this is a SCANDAL. Spotify are old school monopoly capitalists masquerading as painfully hip young “edgy” entrepreneurs. Their game plan is to devalue music 10 - 20 fold and then swallow it up like Pacman.”

Update: Here’s a graphical illustration from Information Is Beautiful back in April 2010.

★ Friday, 4 February 2011