Spotify is the world’s most popular on-demand music streaming service, with around 75 million active users every month. It’s based around the concept of creating and sharing playlists. Like other streaming services, Spotify allows its users to access content via the internet, streaming music directly from Spotify’s servers rather than downloading it locally.
Spotify costs £9.99 per month (or £4.99 if your a student!) this covers the copyright costs of streaming the music and pays the royalties to the artists. However, it has been argued that these royalties aren’t enough, a Guardian report suggests that the average payment a signed artist gets after their label takes its share is a mere $0.001128. Meaning they need approximately 1000 streams to get just $1. This had led to high profile artists like Taylor Swift removing all their music from the service.
I believe Spotify is a great service for reducing piracy, being able to stream music as much as you want for a single fee per month is much cheaper than having to pay each time you want a new song. Do you think streaming services have helped reduce piracy?