Taylor Swift's label shoots down Spotify's $6 million payout claim
Taylor's camp is snapping its figurative fingers at Spotify CEO Daniel Ek, while uttering "Oh no, you did not!" for saying that the superstar was on track to earn over $6 million from the streaming service within the next year, if she didn't pull her catalog. According to Big Machine (Swift's label) CEO Scott Borchetta, Taylor's music earned only $496,044 in the past 12 months from domestic Spotify streaming. Thus, he's finding Ek's statement hard to believe, especially since Taylor apparently earned more from her Vevo videos within the same timeframe. The songstress did get $2 million overall from global streaming, at least that's what a spokesperson from Ek's company told Time, but we're guessing that's not enough to convince Borchetta that they're potentially getting a $6 million payout this year.
by Atul Singh
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