Kobalt Music Group have reported an increase in royalties paid by Spotify for the first quarter of their financial year. Six months ago iTunes paid 32% more than Spotify, however Spotify have reversed that trend; paying out 13% more than iTunes.
Kobalt represents a number of artists (over 6000) including hairy genius Dave Grohl, Charli XCX, folk legend Bob Dylan and Bon Iver.
Although this only highlights one publishers results, for one quarter, and just in Europe; Apple appear to be concerned, as they strive to lauch their own streaming service to combat Spotify. The Wall Street Journal reported last month that iTunes music sales are down around 13% this year.
Taylor Swift recently announced that she was pulling her entire back catalogue from Spotify.
- Car Seat Headrest present new single, "CCF (I’m Gonna Stay With You)"
- Common Holly signs to Keeled Scales and announces new album, Anything glass
- Wire announce two special Record Store Day releases
- The Beaches return to announce third album, No Hard Feelings
- No Windows unveil new single, "Easter Island"
- Nick Mulvey details fourth studio album, Dark Harvest (Pt. 1) and accompanying world tour
- S.G. Goodman announces her third studio album, Planting by the Signs
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