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Spotify piracy music
shared by wstrahan on 08 Jul 14
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Sam Rosenthal, who's the founder of a label called Project Records
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if they really like it they will share it and their friends will discover it and they in turn will listen to it
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But again, what I sort of emphasize that we're paying the labels. We don't pay the artists directly.
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What we're really trying to do here is move people away from piracy into a legal model that contributes revenue back to the music industry.
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Yeah, I do want to address that because I feel that it's important to mention that it's still early days and Spotify's only two years in using the service, almost three. But in that short period of time now we've become the second largest revenue generator for the labels in Europe and we've paid out more than a 150 million dollars back to the music industry.
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He recently wrote on his blog that 5,000 plays on Spotify generates a little more than six dollars, and in comparison 5,000 track downloads at iTunes generates for him $3,400. I mean, it's a big gap there.
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I definitely think that we want to have access and that's the big shift here, but I do think that ownership still plays an important role. You do want to own the things you really care about.
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At the same time one of the big criticisms that we've heard from artists is that the royalties that they get from Spotify are so low that it might as well be piracy.
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I think if you keep creating great music people will in fact listen to it and they will in fact buy it if they think it's a great record.