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A major record label just had thousands of songs pulled off Spotify

A major record label just had thousands of songs pulled off Spotify
PHOTO COURTESY OF SHUTTERSTOCK

It seems pop star Taylor Swift isn't the only musician who's got a beef with streaming music services. If you remember, Swift withheld her new CD "1989" from being released on the Apple Music streaming service earlier this year. Apple had said it wouldn't pay musicians for songs its members streamed during a free trial membership.

Now, streaming services may have a bigger issue on their hands: record labels. The problem that's been dogging streaming services since they began popping up about a decade ago is money.

By some estimates, streaming services aren't paying as much as 25% of royalties owned to music labels and songwriters. This is now an issue for the streaming service Spotify.

The company's tag line is, "Soundtrack Your Life with Spotify." Which is easy to do considering it has millions of songs you can listen to, either randomly, or as a curated collection you, your friends or celebrities put together. Except, now, Spotify has a few thousand fewer songs to soundtrack your life.

Next page: 53 million unpaid streams

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