Spotify the music streaming service is the rage though Radiohead's frontman Thom Yorke has taken a strong position that the streaming music service is not in the best interest of musicians.
It all started yesterday, when producer Nigel Godrich started tweeting negative things about Spotify. Then Yorke like a good musician picked up on the tune and and pulled all of his solo music and music from his band Atoms For Peace from Spotify.
Godrich's argument and agreed to in most by Yorke: Godrich is that:
"It's bad for new music. ... The reason is that new artists get paid f--- all with this model.. Millions of streams gets them a few thousand dollars.. Not like radio at all. ... Pink floyds catalogue has already generated billions of dollars for someone(not necessarily the band) so now putting it on a streaming site makes total sense.. But if people had been listening to spotify instead of buying records in 1973... I doubt very much if dark side would have been made.. It would just be too expensive. ... streaming suits catalogue.. But cannot work as a way of supporting new artists work."
He continued: "Make no mistake new artists you discover on #Spotify will no get paid. meanwhile shareholders will shortly being rolling in it. Simples."
The Guardian reports that Spotify will pay an artist around$5,700 per song that manages to get one million streams. One million! New artist? You're right if you guessed that most do not get anywhere near that many streams. Spotify has responded to the attacks and pointed out that Yorke's music can still be streamed on YouTube and made the statement that:
"Spotify's goal is to grow a service which people love, ultimately want to pay for [as unlimited streaming requires a paid subscription], and which will provide the financial support to the music industry necessary to invest in new talent and music." Am I missing something or did Spotify not come close to addressing the issue at hand?