Spotify has long been accused of underpaying artists while funneling large amounts of cash and equity to major labels and investors. Those concerns elevated last week, when Spotify started guaranteeing large investor payouts and preferable IPO prices to attract an additional $500 million in private loans.
Artists, a group long stiffed by the streaming sector, would receive none of those special privileges.
Is that fair to creators? Now, Billboard’s senior editorial analyst and longtime business writer Glenn Peoples is weighing in on the matter.
Now we know where Billboard stands on the matter…