Spotify CEO Pledges $1.2 Billion to European Startups Instead of helping musicians
It’s no wonder musicians are once again angry at Spotify CEO Daniel Ek at his latest press announcement.
Daniel Ek unveiled the sizable commitment in a recent sitdown hosted by Finnish startup and tech conference Slush. The Spotify cofounder and CEO — whose net worth totals $3.7 billion (€3.18 billion), according to Forbes — also specified that he would focus his investments on emerging companies in the medicine, tech, and energy fields.
His continual lack of empathy for the musicians who helped to build his popular website, Spotify has once again ignited a social fire from artists all over the world.
This follows his August 2020 announcement….
Musicians in the age of streaming cannot, quote, “record music once every three to four years and think that’s going to be enough.”
That pronouncement came from Spotify CEO Daniel Ek in a recent interview with the website Music Ally.
His comment made a lot of musicians angry and reignited frustrations over how much Spotify pays artists.
Listen on Podcast: Repprted by Jacqueline Jax for @avaliveradio
After a shift in available venues closing from the lack of bar patrons and continuing rise in real estate, Covid-19 brought down a final blow banning music venues all together. Restrictions on large group gatherings were put into place liquidating the musicians last form of revenue.
Perhaps it’s time for musicians to start taking online business strategy more seriously now that the music business seems changed at least for the new future.
What we can learn from the past is that people adapt as times change. The strong always survive and through struggle, new opportunities are born.
Written by Jacqueline Jax for @AVALiveradio
Video report coming up..