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Follow us on twitterSpotify: good for labels, bad for musicians
19th August 2009 01:33 | by Philip Hunt
Over at the Guardian, Helienne Lindvall writes that if Spotify is successful, the music industry stands to make lots of money, but musicians won't get much of it:
No wonder the majors speak so highly of Spotify – they receive 18% of shares in the online streaming service. It's just a pity that artists won't get to see any of this.
The music industry always say they're against filesharing because they want to help artists. This is of course a lie: the music industry fatcats only want to help themselves. The Pirate Party wants to rebalance this -- we want the income from music to go to artists, not to parasitic corporations, who only continue to exist because they've bribed governments to tilt the law in their favour. Over the next few months, we'll be putting forward concrete proposals to this end.