"the majority of their royalties"

Music Well, thank goodness for that. Spotify have finally decided to reveal how much cash they're handing over to rights holders and the figures are really rather good. As Music Ally reports they've passed on 40m euros in revenue since the October 2008 launch with three quarters of that in this past year, user sign-ups having grown sharply with a general increase in awareness and a clearer pricing policy. Oh and:

"in several European countries, Spotify is now making more money for rightsholders than Apple’s iTunes Store, according to label sources"

Indeed there are some artists in Sweden who now receive the majority of their royalties from Spotify. I predicted nearly two years ago that Spotify would help to change the way we listen music. Now it seems that is has.