Spotify Shuts Down a Tool That Showed How Much Artists Earn
Spotify’s CEO, Daniel Ek, recently closed a website that helped artists see how much money they make from streams. This has made some people talk about whether Spotify is being open and fair to artists.
The website, called “Spotify Unwrapped Calculator,” was a simple tool for musicians. They could use it to see how much money they made from their music on Spotify. But now, Spotify’s CEO has made them take it down.
Here’s the deal:
- The calculator used Spotify’s own numbers to figure out how much artists earned per stream. This number is usually between $0.003 and $0.005. (Source: Spotify Loud & Clear)
- Spotify said the calculator wasn’t right. They said it didn’t include things like how much money goes to record labels, which means artists get less per stream.
- Some artists are worried because they think Spotify isn’t being honest about how much they pay. They also noticed that Spotify’s CEO recently sold a lot of his Spotify stock. This makes them wonder if Spotify is hiding something. (Source: Digital Music News)
What does this mean for musicians?
The calculator is gone, but artists can still try to figure out their earnings. Spotify shares some information about how much they pay per stream. But it’s harder to do now, and artists might not understand it easily.
What does Spotify say?
Spotify says they want to help artists. They have a website called “Loud & Clear” that talks about how much they pay. They also have “Spotify for Artists,” which helps musicians share their music on Spotify.
What’s next?
Many people are talking about how much money musicians make from streaming services. A survey in 2023 showed that 75% of musicians think streaming services don’t pay them enough. (Source: Music Industry Research Association) Artists and Spotify need to work together to make things fair for everyone.
