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Daniel Ekís net worth is $4.1bn...
You can say Spotify isnít making money all you like but clearly itís owners and investors are. My personal view of Spotify is that itís tantamount to legitimised piracy.
I refuse to use it and hate Ekís explicitly-stated view of music as a commodity. That said, I understand it has a place in the music industry food chain thatís not going away any time soon.
My hope (ask, if I can be so bold) is that people who discover new music they love via streaming services actually go and buy that music from sources as close to directly related to the artist as possible (if they can afford to). Direct via labels or an artistís bandcamp page is great. An independent record store (or even iTunes or similar, if need be). In many instances itís literally the only way youíre going to see these bands/artists continue to make the music you love. If that starts to happen more then at least thereís some mutual benefit to the artist in people continuing to use these services.
Contracts might be bad for artists but they are not making money either as far as I know.
People don't pay if free music is available. That is the core issue. If you go back to before streaming people will just go back to piracy. It's just a lot easier now.
Google has just blocked all Danish music licensed by their prs Koda on YouTube, to blackmail them to a depriving contract. They did the same with the Finnish Teosto a couple of years ago, and tried in both cases to make it look like it were just greed by the rights holders. YouTube doesnít pay proper royalties. In absolute majority of cases, the rights holders donít get a cent. This is theft.
Companies like Google, Spotify, FB etc. are really dangerous, and should be stopped by legislation.