LIMBONG: Ray says the band made $4.18 for around 2,000 streams in June. KARNA RAY: As a form of payment, I don't think anybody sees it as legitimate. LIMBONG: Drummer Karna Ray likes having their music on Spotify because of its global reach. LIMBONG: Let's take a band like The Kominas. INGHAM: Any pretense that they are operating in the interests of anyone that is not Spotify and/or a Spotify investor is a lie. LIMBONG: In part because Spotify can't serve two masters - the musicians it streams and its investors. TIM INGHAM: They're never going to get to a million artists. So how's it going? I asked Tim Ingham, founder of Music Business Worldwide, a global music industry analysis site. At a time when the company's business is doing relatively well, NPR's Andrew Limbong takes a look at how the cash is flowing.ĪNDREW LIMBONG, BYLINE: When Spotify first became a publicly traded company in 2018, it set a bold goal for itself - to give a million artists the opportunity to live off their work. His comment made a lot of musicians angry and reignited frustrations over how much Spotify pays artists. During the interview, Ek will address the ongoing controversies related to podcaster Joe Rogan and the allegations that Spotify fails to fairly pay its artists.Musicians in the age of streaming cannot, quote, 'record music once every three to four years and think that's going to be enough.' That pronouncement came from Spotify CEO Daniel Ek in a recent interview with the website Music Ally. More of CBS News' Gayle King's interview with Ek will air on 'CBS Mornings' on Thursday, March 9. The popular digital music streaming service allows users to access a vast library of songs and podcasts.Įk said with the change, users will be able to see recommended content in the form of clips, and other visual components. You're gonna see a lot more interactive content,' he said.

'You'll see Spotify, I think, come alive. In an exclusive interview airing Thursday on 'CBS Mornings,' Spotify's CEO and founder, Daniel Ek, said the updates include an 'entirely new' home feed that is 'completely redesigned from the ground up.'

A brand new version of Spotify is being unveiled to millions of subscribers on Wednesday, marking the largest change to the platform since it became available on phones more than a decade ago.

Spotify ceo interview