Spotify CEO Daniel Ek denies existence of alleged artist streaming scheme
Spotify co-founder joked that his playlist would be full of his own music if the scheme did work
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Spotify co-founder joked that his playlist would be full of his own music if the scheme did work
According to Spotify's website, it has two tiers of royalties, and artists are paid out once a month - but how much they get can vary.
No one in the business is making much money on podcasts, but Spotify, which has spent far more on the medium than its rivals, has more to lose than most.
Spotify shares were down 10% in premarket trade after the streaming giant posted a bigger than expected quarterly loss
Ek, who co-founded the streaming giant, also acknowledged that he's "very familiar" with the "scary parts" of artificial intelligence.