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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.
Related: How $1 Flows From Spotify to Recording Artists, from the New York Times.
Which they will no doubt immediately share with all the musicians and artists who have made Spotify such a desirable platform, right?