Thom Yorke of Radiohead has removed his music off of Spotify. He said that artists do not get paid well for their work (he used more colorful language that we won’t be publishing here since for the sake of our younger readers). Yorke his solo album “The Eraser” and his side-project “Atoms For Peace” from Spotify. Radiohead’s catalog is still available on Spotify.
Yorke said that his act is a “small meaningless rebellion,” but it was the result of an equation that “just doesn’t work.” He believes that tech investors reap most of the rewards rather than the musicians. Spotify offers unlimited access to streaming music at two tiers. Spotify has around 6 million paid accounts and 26 million users total. The streaming model seems to work well with artists that have an extensive back catalog, but new bands generally have no power with the standard Spotify deal, which pays around $0.009 per play, according to Josh Davison.
Spotify said that they are “100% committed” to making their services more artist-friendly. “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 which we all love,” said Spotify in a statement with The Huffington Post. “Right now we?re still in the first 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 rights holders so far and by the end of 2013 this number will reach $1 billion.