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July 15, 2013 05:42 pm GMT

Spotify Defends Against New Music Backlash, Says It Will Pay Out $1B To Rightsholders By End Of 2013

atoms for peaceSpotify, the music service with 24 million active users,says that it is on track to pay out $1 billion to artists that stream music on its platform by the end of 2013, and that it has already paid out $500 million so far as the "artist-friendly" streaming service. This speaks to how the company continues to push as the pacesetter in the world of streaming music, but also comes at a time when the company is coming under fire from small-but-influential acts who arepulling their musicfrom the platform and claiming Spotify doesn't pay well enough to be worth their while.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CyoeKMu7Vvk/

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