Taylor Swift might want to rethink taking all her music off Spotify.
As Popdust previously reported, TayTay basically explained she felt the music streaming service was taking advantage of her, and she didn't want to give fans the idea they could just have something for free.
Welp, it turns out the singer would have made a cool $6 million in revenue from her back catalog had she kept her music available - this is according to Spotify head honcho Daniel Ek, who exploded more than a few myths in a long blog written on the company's website:
"At our current size, payouts for a top artist like Taylor Swift (before she pulled her catalog) are on track to exceed $6 million a year, and that’s only growing – we expect that number to double again in a year. Any way you cut it, one thing is clear – we’re paying an enormous amount of money to labels and publishers for distribution to artists and songwriters, and significantly more than any other streaming service."
In his statement, Ek covers many other factors - the benefits for artists, the fact that users DO pay for the service, and how streaming is not some "experiment" but simply the future, and the fact that Spotify has paid over a $1 billion in royalties since 2008.
"We’re trying to build a new music economy that works for artists in a way the music industry never has before. And it is working - Spotify is the single biggest driver of growth in the music industry, the number one source of increasing revenue, and the first or second biggest source of overall music revenue in many places. Those are facts," says Ek.
Want to rethink that whole never-ever-getting-back-together thing, Tay???