ECR Music Group founder Blake Morgan was recently interviewed by CNN's Poppy Harlow and, amongst other things, he talked about his recent meeting with Spotify executives in New York: "There were two real important takeaways from the meeting," he said. "The two takeaways were this: the executives from Spotify said that the per-stream rate that artists get will likely never go up, no matter how much Spotify grows, or how fast it grows. And after we picked our jaws up off the ground in this meeting, after we heard that, this executive went on to explain, to trumpet how important Spotify has become in the music industry, because Spotify's streams are now being factored in on the charts."

Harlow then explained Spotify had been asked to appear on the program but they had declined the invitation, releasing only a statement in which they said that "artists have an absolute right to be paid for their work and protected from piracy. That's why we pay nearly 70% of our revenue back to the music community."

Morgan reacted to this saying technology wasn't to blame. The key point was paying artists fairly for their work: "Nobody's against the internet that I've ever met. Nobody's against streaming (...) Streaming can work, but it can't work if the artists who make the streaming services' only product, music, aren't getting paid. And that's the reality."

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Source: Digital Music News