Spotify co-CEO Gustav Söderström says the biggest misconception about Spotify is that it pays artists less than other streaming companies. "[Spotify] paid out over $70B to the music industry, $11B of those just last year. That's more than anyone has paid anyone ever in the music industry."

@GustavS 92% of full-time artists surveyed by UK Artists Union said they make less than 5% of their income from streaming. Spotify will eventually get ditched by artists if it continues to function as an advertisement for artists' core business but gives no tools to drive fan conversion.

@GustavS YouTube’s gotta pay out more, competition hasn’t just been “Apple” and “Amazon” for a while

@GustavS Streaming does not pay correctly the artists. He can say he pays more than the other companies but still, it does not respect and pays appropriately the artists. Streaming is a gigantic scam for creators.

@GustavS can i get a .csv of those artists?

@GustavS @grok please explain this further in a simplified way.

@GustavS With probably most of that pool of funds being directed to Taylor Swift

@GustavS The value of Spotify vs today’s price makes all the other platforms better.

@GustavS Music payouts debate never really ends

@GustavS Bro has 3 titles what

@GustavS