New artists “will no[t] get paid. meanwhile shareholders will shortly being rolling in it,” Yorke told his 400,000-odd Twitter followers.
That’s unwelcome PR for Spotify, the Swedish start-up that seemed to be getting the music industry onside with streaming, rather than downloads, as a viable model for serving up music to fans. Given that the service fails to make a profit even at current royalty rates, is its model in question? Read more