Spotify Expects To Pay $500 Million To Rights Holders In 2013

Spotify Expects To Pay $500 Million To Rights Holders In 2013
News

Spotify Expects To Pay $500 Million To Rights Holders In 2013

You know those annoying-ass ads on Spotify that remind you over and over again that every time you listen to a song, the artist and rights holders get paid?

Bet you never thought about how much money all those plays actually adds up to. Daniel Ek, the chief executive and co-founder of Spotify revealed on Tuesday that Spotify will pay out $500 million to music copyright holders.

That $500 million is reportedly equal to the amount of money Spotify has paid out every previous year combined.

Pandora paid out $230.2 over a year and VEVO has paid a total $200 million since its 2009 launch.

Sounds like Spotify’s partnership with the music industry is extremely lucrative for the record labels to say the least.

For the first time in history, Spotify is proving that the digitization of music can actually cause an increase in revenue for the artists and their bosses, as opposed to the decline to the industry as a whole.

Sean Levinson | Elite. 

More In News

World

There Are 700 Bridges In Washington Weaker Than The One That Collapsed

There are apparently more than 700 bridges in Washington State with worse sufficiency scores than the bridge that collapsed into the Skagit River last night, according to the Seattle Times. Federal records state that the collapsed bridge had a sufficiency rating of 57.4 of 100, far below the state average of 80. But 759 that [...]

World

Homeless High School Student Manages To Graduate As Valedictorian (Video)

A Georgia teenager serves as an inspiration and a pillar of hard work, as the homeless girl worked relentlessly to graduate and earn her spot as valedictorian of her high school. Chelesa Fearce managed to keep her grades up despite not being able to call a place home. “I just told myself to keep working, [...]

World

Bridge In Washington State Collapses With People On It

A truck carrying an oversized load of construction equipment hit an overhead girder on the Interstate 5 bridge connecting Seattle and Canada Thursday night, causing the front end of the bridge to collapse. The truck driver watched the bridge go down in his rear view mirror. Two cars following the truck dropped 25 feet down [...]

World

29 New Jersey Bars Caught Selling Intentionally Mislabeled Liquor

If you’re a scotch aficionado, you probably want to avoid bars in New Jersey, as it has been revealed multiple bars were combining food coloring and rubbing alcohol and selling it as premium liquor. Bars all over New Jersey, twenty-nine in total, were accused of substituting cheap liquor for expensive liquor, or even putting water [...]

World

Study Shows Super Religious Cities Are Some Of Porn’s Biggest Consumers

A recent poll released from Pornhub.com has determined that some of the most religious cities in American are also where where the most porn is downloaded. Pornhub.com, one of the world’s largest porn sites, used data from a Gallup poll that displayed the amount of “very religious” people in U.S. cities and compared it with [...]

World

Watch As This Man Plays Guitar While Surgeons Operate On His Brain! (Video)

If you think playing guitar is an impressive feat, you won’t believe your eyes when you see a man strumming away while doctors perform brain surgery on him. In the middle of 39-year-old Brad Carter’s surgery, he played a few songs on the guitar. “I’m excited to play this guitar,” Carter, who suffers from Parkinson’s [...]

Also On Elite

Music News

Linkin Park Singer Chester Bennington Officially Joins Stone Temple Pilots

The new lead singer for the Stone Temple Pilots is Chester Bennington of Linkin Park. No, we’re not kidding. This jaw-dropping lineup change was revealed last weekend at the annual KROQ Weenie Roast Concert in the most epic way imaginable. STP followed Vampire Weekend‘s set by getting on stage with a frontman who had his back [...]

Sports

Did The Clippers Fire Vinny Del Negro To Keep Chris Paul?

In an interview with the Los Angeles Times, Los Angeles Clippers owner Donald Sterling hinted that he fired head coach Vinny Del Negro in an effort to keep star player and potential free agent Chris Paul. “The coach is a wonderful man and I’m sad about the whole thing,” Sterling told Times columnist T.J. Simers. Paul [...]

Videos

Lana Del Rey’s ‘Young & Beautiful’ Receives An Accompanying Visual

“Young & Beautiful,” Lana Del Rey‘s featured record on The Great Gatsby soundtrack, has finally received its visual companion. Directed by Chris Sweeney, the visual sees the songstress in a Golden Age-inspired dress, performing the record with the help of an orchestra. Check out the video below & be sure to grab a copy of the highly anticipated soundtrack for The Great Gatsby here.

Motivation

Why You Need To Embrace The Grind

When we think of a grind, some images that come to mind are the beans before a morning cup of coffee, a car’s manual transmission in search of the right gear, Jersey Shore dance moves or a gritty ice hockey player. Think further and we conjure up an idea that so many 20-somethings become familiar [...]

TV

ABC’s ‘Marvel’s Agents Of S.H.I.E.L.D.’ Trailer Debuts Online

Earlier this week, we got our first look at the highly-anticipated new series, Marvel’s Agents of S.H.I.E.L.D. Yesterday, I discussed how we have all entered into Marvel’s Phase Two, of which this show happens to be a part. The new series takes place after “The Avengers,” and has a ressurected Agent Coulson (Clark Gregg) to lead a [...]