This is the price that Radiohead has been paying for their Spotify pullout: bitter and non-stop criticism, all sorts of accusations, even outright abuse. And the latest jab is coming from ex-Eurythmics pop star Dave Stewart, who says not only was Radiohead wrong on Spotify, but they’re completely attacking the wrong enemy and should be worshipping the streaming service. “Thom Yorke made a mistake there, him and Nigel Godrich,” Stewart told the Guardian. “They were misinformed.”
“Spotify is one of the few companies that is transparent and actually pays properly — as a songwriter you should worship Spotify, because they’ve come along with a solution.”
But when will that ‘solution’ starting pay artists? After about 100 million paying subscribers, according to Stewart, which is approximately 93 million more than right now. “It’s a volume business,” Stewart continued.
“If they had 100 million subscribers, which is possible, the payment [for the Eurythmics catalog] would be equal to the band’s income back at the peak of selling.”
That mirrors earlier comments from exiting Rdio CEO Drew Larner, who explained that streaming services will become ‘wildly profitable‘ once they reach 25-30 million subscribers – apiece.
Strangely, Stewart has been one of Spotify’s biggest enemies and critics, and a vitriolic opponent of their major label partners. Just last year, Stewart blasted Spotify after realizing that he would make just $47 after three straight years of streaming. “Streaming services are bad for musicians,” Stewart leveled to Stuff Magazine.
“Artists don’t get paid. If somebody streamed my album on Spotify for three years non-stop, I’d get $47. If you’re a new artist, you’re better off selling your albums out of the boot of a car.”