Streaming services have been under fire recently: what with Spotify taking a hit after the whole Taylor Swift thing last year, it seems people's patience with streaming as a whole is beginning to reach its limit. Most recently of all, in a tweet, Geoff Barrow of Portishead has revealed that he made just £1700 from 34 million streams.

It's no secret that Spotify only pay 0.007 cents per stream – but the company themselves have never turned a profit, despite just the other day being valued at $8.4 billion. It seems as though because streaming is such a new model no one, between the labels, artists and services themselves, has quite figured out what a fair rate should be; and with any newness comes a relative outcry, suspicion and rejection. There must be a fairer system.

What is more of a secret is the percentage taken from artists by record labels. Spotify doesn't make a profit – but it's almost certain that UMG (Universal Music Group) and Universal Music Publishing Group makes a tidy sum each year. In fact, the latter's revenue for the first half of 2014 was €307 million, an increase of 1.3% from the same period in 2013 (from Music Week). What's more, UMG is owned by French media conglomerate Vivendi, who took €2.779 billion in profits for 2013.

So really whilst it's very easy to demonise streaming, it in itself is not a bad thing. The pricing of it is a bad thing, the way labels exploit its newness is a bad thing, profiteering and monopolisation are bad things.

And after a load of replies, musing that he'd obviously "touched a nerve", Geoff Barrow also revealed that he had no problem with streaming:

• Check out our interview with Portishead.