A Quote by Daniel Ek

Spotify has paid more than two billion dollars to labels, publishers and collecting societies for distribution to songwriters and recording artists. — © Daniel Ek
Spotify has paid more than two billion dollars to labels, publishers and collecting societies for distribution to songwriters and recording artists.
The owner of Spotify is worth something like 3 billion dollars ... he's richer than Paul McCartney and he's 30 and he's never written a song.
There's definitely some sort of dissent brewing between record labels, publishing companies and artists [about the compensation they get from streaming services] Spotify is returning a HUGE amount of money [to the record labels]. If we continue growing at our current rate in terms of subscriptions and downloads, we'll overtake iTunes in terms of contributions to the recorded music business in under two years.
Bill Gates has 90 billion dollars ... If I had 90 billion dollars, I wouldn't have it for long because I would just dream of all the crazy stuff I could do with it. This guy, 90 billion dollars. He could buy every baseball team and make them all wear dresses and still have 88 billion dollars.
Spotify appeared nine years after Napster, the pioneering file-sharing service, which unleashed piracy on the record business and began the cataclysm that caused worldwide revenues to decline from a peak of twenty-seven billion dollars in 1999 to fifteen billion in 2013.
A father and two sons run Adelphia. It's a cable company. And they took from that company a billion dollars. A billion. Three people - three people took a billion dollars. What were they gonna do, start their own space program? 'Let's send the monkey to Mars, Dad!'
This sounds crazy, I know, but you can make a billion dollars - very few people do - but you can make a billion dollars on a product. It can be "Lion King," it can be "Simpsons," it can be "Family Guy," who knows what it is. Or you can make zero. But you can't make a billion dollars if you don't own it.
Well, Congress gave us a billion dollars to dig the hole, this gigantic hole. Bigger, much bigger than the hole in Geneva, Switzerland. Then they canceled the machine and gave us a second billion dollars to fill up the hole. Two billion dollars to dig a hole and fill it up. That is the wisdom of the United States Congress and it really makes you wonder: Is there intelligent life on the Earth? Certainly not in the United States Congress.
Our foreign-exchange reserves when I took over were no more than a billion dollars; that is, roughly equal to two weeks' imports.
Artists should re-emphasize performance and de-emphasize recording. You always make more money if you have a healthy performing life than you will if you have even a moderately healthy recording life. Don't make recording the most important thing you do. Make performing the most important thing you do, and then you can make recordings and sell them at your shows, because record labels aren't going to be around to help you get on the radio stations, and the radio stations probably aren't going to play you anyway.
If you look at something like Spotify, many record labels are investors in the company. So from that standpoint, the money is all going back into the labels.
Last year people won more than one billion dollars playing poker. And casinos made twenty-seven billion just by being around those people.
The difference between Spotify and Internet radio services like Pandora is that Spotify is interactive. You can sample the complete catalogue of most artists' recordings.
If you're an artist trying to put out your own record on your own label, it's hard to get a distribution deal because no one wants to sign a deal with one entity. They want to sign distribution deals with labels, who have lots of product, lots of artists.
[T]he rule of law does more than ensure freedom from high-handed action by rulers. It ensures justice between man and man however humble the one and however powerful the other. A man with five dollars in the bank can call to account the corporation with five billion dollars in assets-and the two will be heard as equals before the law.
I think the record industry has gotten to be more about labels wondering what the new single is rather than labels nurturing artists. It's gotten away from making a full album of music that someone would want to listen to all the way through.
If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.
This site uses cookies to ensure you get the best experience. More info...
Got it!