Record labels reap 45 percent of royalties from streaming services, study finds; artists lucky to pocket 7 percent

A new study of the distribution of revenue from streaming-music services such as Spotify, Pandora, and Deezer shows that the major record labels are pocketing nearly seven times the licensing revenue than artists and musicians collect. It goes along with what Spotify CEO Daniel Ek has been saying ever since Taylor Swift’s high-profile departure from his