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Taylor Swift's record label firing back against Spotify

Taylor Swift's music label, Big Machine Records, speaking out against Spotify
By: Michael Hatamoto | Business, Financial & Legal News | Posted: Nov 14, 2014 3:17 pm

The battle between online streaming service Spotify and Taylor Swift continues, with the CEO of her Big Machine record label, Scott Borchetta, recently speaking out. Borchetta says Swift has received less than $500,000 in the past 12 months for US Spotify listeners enjoying her music - despite Spotify saying Swift could be paid upwards of $6 million in 2014.

 

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It appears Swift's cut will be $2 million for the past 12 months globally, with that number expected to grow as more users sign up for Spotify.

 

Unfortunately, it seems Swift and Borchetta are both forgetting who truly is missing out in this ongoing war of words: the music fans. Millions of Spotify users listened to Swift's music, and while they are no longer able to via Spotify, they are either going to purchase the music, or find an illegal way to download her music.

NEWS SOURCES:Time.com, Marketwatch.com, Nashville.com

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