Some artists say they’re not earning enough from music streaming. But streaming companies like Deezer, Spotify and Napster are still making a loss. How much do the streaming apps pay the music industry? Can musicians really even simply earn a minimum wage anyway?
As Spotify prepares to float itself on the stock market with a valuation of between $6-$20 billion, who will be receiving a slice of the cash?
Spotify are only required to divulge shareholders owning more than 5%. So here are our best estimates and guesses on the breakdown, according from official stock market filings and other sources.
Which they will no doubt immediately share with all the musicians and artists who have made Spotify such a desirable platform, right?