Last year, major labels Universal and Sony received more revenue from Spotify than any other Swedish music service or digital and physical record store, according to local newspaper reports.
The news came as a surprise to many independent labels and to Swedish songwriters, as their royalty statements tell a very different story. It appears that not only do the majors own shares in Spotify, they – and their artists – also get much better streaming rates than the indies. Now some of the indies are threatening to withdraw their music from Spotify in response.
