Music News Pop: Spotify Defends Against New Music Backlash, Says It Will Pay Out $1B To Artists In 2013

wochit entertainment
July 15, 2013 AT 10:50 AM
Spotify says that it is on track to pay out $1 billion to artists that stream music on its platform, and that it has already paid out $500 million today. The number is double the projection CEO Daniel Ek gave in February 2013, and speaks to how the company continues to push as the pacesetter in the world of streaming music.