Spotify says fights piracy, has paid $2 billion to artists, industry

By Michael Roddy LONDON (Reuters) – The music streaming portal Spotify made an impassioned defense of its business model on Monday, saying it fights music piracy and had paid out $2 billion to the industry and artists since its launch in 2008. The statement in a blog post by CEO Daniel Ek came a week after U.S. singer Taylor Swift pulled her entire catalog from the popular streaming site as she released her new album “1989”, which immediately soared to the top of the U.S.

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Spotify says fights piracy, has paid $2 billion to artists, industry