Spotify has been a savior for record labels like Universal Music Group, which has tripled its value since 2013. Meanwhile, just 28 percent of artists earned money from streaming in 2018. (Photo: Hayward/Getty)
Daniel Ek, a 23-year-old Swede who grew up on pirated music, made the record labels an offer they couldn’t refuse: a legal platform to stream all the world’s music. Spotify reversed the labels’ fortunes, made Ek rich, and thrilled millions of music fans. But what has it done for all those musicians stuck in the long tail?
To find out more, check out the podcast from which this hour was drawn: “How Spotify Saved the Music Industry (But Not Necessarily Musicians).”
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