Spotify CEO Daniel Ek denied criticisms that Spotify pays insufficient royalties to artists:
Ek claimed that a "narrative fallacy" had been created and caused music fans to believe that Spotify doesn't pay musicians enough for streams of their music. "Some artists that used to do well in the past may not do well in this future landscape," Ek said, "where you can't record music once every three to four years and think that's going to be enough."
"Beg for scraps or you will starve", he did not continue.
Spotify's stock value hit all-time highs of $50 billion this summer even as questions about the streaming platform's compensation of artists remain unresolved.