This is NOT music to our ears…
Remember how Taylor Swift, Adele, and a bunch of other artists removed their music from Spotify because the streaming service was paying its artists too poorly?
Well, as it turns out, while the musicians are suffering financially, Spotify's employees are living quite nicely thanks to an insanely high average salary — $168,747 a year, to be exact!
Video: T.Swift Tumbles On A Treadmill In Her Apple Music Commercial
The Stockholm-based company released its annual report this week, which indicated that since business began booming back in 2010, employee paychecks have increased 152 percent while Spotify itself has reportedly lost a staggering $188.7 million!!!
So this raises the question: if the people running the show are getting paid so handsomely, why are the people actually making the music making no money??
We guess Taylor was right all along…
Do U think Spotify should allocate more of its money to the artists??
[Image via FayesVision/WENN and Spotify.]
Tags: 1989, 25, adele, business blitz, money matters, music minute, spotify, stockholm