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On Friday, Apple Music, the world’s second-largest streaming service, wrote in a letter obtained by the Wall Street Journal that it had increased its royalty payout to an average of a penny per stream. “At that point, everybody’s being thrown out of work, essentially, and it didn’t look like we would be included in any of the government relief plans.” “We were just talking about what to do,” Krukowski says. For others, it was a way to channel restless energy or educate themselves on the business. For some, the communal video get-togethers offered a chance for commiseration or support. Spotify’s stock price is up more than 150% over the last year.ĭamon Krukowski, a writer, artist advocate and former drummer for Galaxie 500, said during a recent Zoom video call with Holter that the Union of Musicians and Allied Workers was born of necessity. As Billboard noted, that valuation is about twice that of Spotify’s largest supplier, Universal Music. In February, Spotify stock hit an all-time high when it reached $387 per share, which valued the company at more than $72 billion.

recorded music income, according to the Recording Industry Association of America’s year-end report. In 2020, overall music revenue increased 9.2% over 2019 to $12.2 billion and streaming accounted for 83% of U.S. Spotify is owned, in part, by Universal Music Group, Sony Music Entertainment and Warner Music, whose continued growth is tied to the success of the streaming giant. Needless to say, a vocal number of independent artists didn’t appreciate career advice from an executive who accrued his nearly $5 billion in wealth by monetizing their art.

The musicians’ protest followed Spotify founder and CEO Daniel Ek’s much-discussed 2020 comment that “some artists that used to do well in the past may not do well in this future landscape, where you can’t record music once every three to four years and think that’s going to be enough.” “It’s accessible, but it’s private property,” Holter explained - a description that might also be applied to the platform itself. As she did so, a police officer interrupted to tell the group members that they needed to step away from the Spotify entrance. the weekend.”Īfter gathering near the entrance, Holter started reading their demands - among them, increasing payments to rights holders to a penny per stream, from the current average of between a third and a half a penny, and providing more transparency for musicians. the Weeknd” became “Ladies and gentlemen. the weekend, brought to you by Daniel Craig and a teen in O.C.īehind the meme: How “Ladies and gentlemen. While Rogan does not have a presence on Apple Music, its standalone Apple Podcasts app features podcasts such as “Bannon’s War Room” from Steve Bannon, known for spreading misleading information.Entertainment & Arts Ladies and gentlemen. It became exclusive to Spotify in 2020 when Rogan signed a multi-year licensing deal reportedly worth about $100 million. “The Joe Rogan Experience” was Spotify’s most popular podcast globally in 2021. Spotify did not respond to a request for comment.Įarlier this month, a group of more than 250 scientists, doctors and nurses penned an open letter to Spotify condemning the company for platforming Rogan and calling on Spotify to warn its listeners about misinformation.

On Twitter, the hashtag #DeleteSpotify went viral as some users said they canceled their Spotify subscriptions in support of the 76-year-old musician. “I am doing this because Spotify is spreading fake information about vaccines - potentially causing death to those who believe the disinformation being spread by them,” he wrote in the deleted post, according to Rolling Stone. Spotify followed Young’s request by removing his catalog from the platform and said it hopes “to welcome him back soon.” Young, who has been an advocate for Covid-19 safety and prevention, had about 6 million monthly listeners on Spotify. On his Spotify podcast, “The Joe Rogan Experience,” the comedian has made frequent false and inaccurate claims surrounding vaccines and Covid-19, while also hosting numerous controversial guests. Earlier this week, Young expressed in a now-deleted post on his official website that he no longer wanted his music on Spotify because of its relationship with divisive podcast host Joe Rogan.