The debate over the value of Spotify for artists reared its head again last week. Nigel Godrich, the Radiohead producer and musician, took to Twitter to share the news that music from Atoms For Peace, Thom Yorke and Ultraista are no longer on Spotify.
Caling his actions a "small meaningless rebellion," Godrich went on to say Spotify is "bad for new music" and explains that the economics don't add up for new bands.
"Millions of streams get [small labels and new artists] a few thousand dollars," he wrote.
Godrich went on to say Spotify was great for older catalogue music ("money for old rope"). His tweets generated a slew of support from the likes of Ron Sexmith and Four Tet ("I had everything on my label taken off. I don't want to be part of this crap"), while Thom Yorke defended the decision against irate fans ("your small meaningless rebellion is only hurting your fans . . . No we're standing up for our fellow musicians.")
Recent figures per Spotify stream hover around the €0.006c mark, so, yes, a million streams equals €6,000.
Yet as Spotify grows its users, its payments have also grown. That per track figure used to be €0.002c.
Godrich's stance is admirable, but, right now, there's not really an alternative to streaming services other than piracy. Their music is off Spotify, but it remains unmonetised on YouTube where lots of people discover new music. Perhaps a short term solution for Godrich and co is singles-only on Spotify and downloads for albums via iTunes?
Meanwhile, a glimpse into a possible streaming future comes again via Scandanavia, the home of Spotify, where streaming is more common. Norway's music industry is reporting that all music sales are up by 17pc for the first half of 2013, with streaming accounting for 66pc of all revenue.
Godrich may be right that Spotify isn't making financial sense for new artists right now, but the the Norwegian figures suggest that's where it's heading.