Spotify has launched a new Web site in an effort to make its business model more transparent to artists and other music professionals. Along the way, the company also announced interesting details on just how much cash it doles out.
According to Spotify, its new site is designed to provide additional insight into its operation through the use of data and business analysis. As part of that, Spotify said on Monday that it has issued $1 billion in royalties since its inception in 2009. At this time last year, its total royalty payout was at $500 million, meaning during 2013 … Read more