“The last gasp of a terminally ill music industry”
In 2014, Taylor Swift’s album ‘1989’ was the highest-selling album of the year, with over 1.3 million copies sold. The same year, Taylor Swift removed her entire music catalogue from Spotify saying that it undermined the value of her “art”, beginning the Big Music Debate- Spotify VS Swift.
I am aware that I have touched on the subject of music streaming before in previous blogs but I decided this particular situation needed to be analysed in more depth. After all, the Big Music Debate that is Spotify VS Swift proves to us that the music industry is dying and causing upset and anger amongst artists.
But could music streaming services be our only chance of saving it too?
In an article written in the Wall Street Journal, Swift said how,
“music is art, and art is important and rare. Valuable things should be paid for” and that “music shouldn’t be free”.
Swift expressed her problems with the streaming service when she refused to put her latest album on the site because of the significantly low amount of royalties paid to artists when their music is streamed and listened too.
Artists recieve between $0.006 and $0.0084 per music stream on Spotify
Swift said, “piracy, file sharing and streaming have shrunk the numbers of paid album sales drastically”.