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Tag: Record Label

Spotify Paying Subscribers

Major labels have been putting a lot of heavy pressure on Spotify to limit free access but

Major labels like Universal Music Group have been putting heavy pressure on Spotify to limit free access.  But Spotify is stepping up to defend freemium, and put paid-only services on blast.

Spotify says that they have 20 million paying subscribers.  They say they’ve paid out a cumulative total of $3 billion in royalties, and $300 million in the first three months of this year. 

Spotify also claims that payouts for indie artists have been $700,000 a year on average.  Additionally, Spotify estimates that indie artists will receive $1.2 million in the coming year, but they don’t explain their estimation.