Taylor Swift’s label hits back at Spotify by disclosing streaming royalties

The war of words continues between music streaming service Spotify and powerful pop icon Taylor Swift. After Swift removed her entire catalog from the streaming service last week, Spotify boss Daniel Ek said that she, along with other mainstream artists, was on track to earn over $ 6 million in royalties this year. But Scott Borchetta, CEO of Swift’s label Big Machine, has countered that claim, saying that the “Shake It Off” singer had earned less than $ 500,000 from Spotify streams in the US in the last 12 months.

A Spotify spokesperson told Time that Swift had been paid a total of $ 2 million over the last 12 months for the global streaming of her songs, but Borchetta still maintains that Spotify is a blight on the music industry. “The…

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