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PopWrapped | Music

Taylor Swift's Label Denies Accuracy Of Spotify Royalty Figures

Rain Varela | PopWrapped Author

Rain Varela

Updated 11/15/2014 6:20pm
Taylor Swift's Label Denies Accuracy Of Spotify Royalty Figures | Taylor Swift
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The war of words between Spotify and Team Taylor Swift has reached an all new high, with Swift's label Big Machine denying the royalty figures released by the music streaming service. Swift removed her entire back music catalog from the site last week. Spotify has told Time that Swift was paid $2 million for the last twelve months from the global play of her songs and that she stood to earn a total of $6 million as the site's audience grows. Big Machine CEO Scott Borchetta has said that this claim is untrue. According to him, Swift has earned less than $500,000 from the streaming of her songs in the U.S. market. He also said that Swift earns more from the streaming of her music videos on VEVO. Taylor Swift is currently one of the biggest selling music artists in the world. With a lot of people enamored with digital downloads, she can still make a large dent in traditional sales. Her latest album, 1989, sold around 1.7 million copies during its first two weeks in the U.S. alone. According to Borchetta, Swift was paid by Spotify the equivalent of less than 50,000 albums sold. Both the CEO and Swift have stated that they are trying to make the point that the streaming service does not pay artists a reasonable talent fee.

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