04 Nov Taylor Swift Removes Her Music From Spotify
Taylor Swift is on the verge of having the best-selling album this week but instead of celebrating, the 24-year-old decided to take a stand as an artist.
She pulled her entire catalog of music — except for one song — from Spotify, a popular music streaming service, that typically pays artists less than a cent for every song played on its platform. The move had everyone buzzing with stories from the news media and plenty of reactions on Twitter.
CD sales typically generate $1 or more for artists and Swift has some strong words for music streaming services.
In an op-ed piece for the Wall Street Journal, Swift wrote: “Music is art, and art is important and rare. Important, rare things are valuable. Valuable things should be paid for. It’s my opinion that music should not be free, and my prediction is that individual artists and their labels will someday decide what an album’s price point is. I hope they don’t underestimate themselves or undervalue their art,”
It is clear that the music industry is changing, in a way that is less favorable toward artists. CD sales are down 14 percent, according to Rolling Stone magazine, while Web streaming subscriptions from sites like Spotify, Beats Music and YouTube have increased 57 percent.
Yet, columnists seem to be skeptical about Swift’s move. Forbes magazine implied this was a strategic move by her independent record label that is looking to be sold while Bloomberg suggested she might be negotiating a deal with Apple instead.
Although we think music streaming is not going to fade away, we give Swift credit for taking a stand on an issue that is clearly important to her and all artists. What do you think of Swift’s move?
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