Radiohead’s Thom Yorke pulls their music from Spotify. “Make no mistake new artists you discover on #Spotify will no get paid,” Yorke tweeted. Spotify customers can no longer stream Yorke’s 2006 solo album “The Eraser”.
More and more musicians have been speaking up about streaming services. They don’t think it’s fair and that no one is getting the money that they deserve.
Spotify released a statement in response to Yorke’s tweets:
“Spotify’s goal is to grow a service which people love, ultimately want to pay for, and which will provide the financial support to the music industry necessary to invest in new talent and music. We want to help artists connect with their fans, find new audiences, grow their fan base and make a living from the music we all love. Right now we’re still in the early stages of a long-term project that’s already having a hugely positive effect on artists and new music. We’ve already paid $500M to rightsholders so far, and by the end of 2013 this number will reach US$1bn. Much of this money is being invested in nurturing new talent and producing great new music. We’re 100 percent committed to making Spotify the most artist-friendly music service possible, and are constantly talking to artists and managers about how Spotify can help build their careers.”
What do you guys think? I honestly never put much thought into streaming services like Spotify and Pandora hurting the music industry. Personally, I thought they worked just like a radio did. News to me.