taylor swift record deal
Start writing a post

Taylor Swift's New Record Deal With Spotify Means Major Things For ALL Artists

"We are headed toward positive change for creators — a goal I'm never going to stop trying to help achieve, in whatever ways I can."

Taylor Swift's New Record Deal With Spotify Means Major Things For ALL Artists

Taylor Swift proves that megastars have the power to control their careers. Swift officially signed to Republic Records and Universal Music Group. She now owns all of her music made from here on out. Not only is she taking control of her career, but she is also paving the way for future artists. Artists under the same label will be paid for their music that is streamed on Spotify.

Artists are paid advances for their royalties, but they have to earn back before they get paid. They are required to pay back the making of their album. Producing, mixing, studio time, tour, marketing, etc., are all paid for by the record label but have to be paid back in time by the artist. It could be years before artists saw money from streaming sites since it is so expensive to make the album and promote it.

Many record deals are the same if you happen to be a mega pop star, you can negotiate your contract.

"When Spotify had its IPO, the labels all publicly committed to sharing any capital gains from an eventual sale of their Spotify shares with the artists in their catalogs." But many artists didn't see that money, but record labels took it upon themselves to take that money and pay themselves for the artist's fees. Big labels, like Sony, paid their artist equally, without regard to their bill. Since Swift's deal, Universal will now join Sony with paying their artists, equally.

"As part of my new contract with Universal Music Group, I asked that any sale of their Spotify shares result in a distribution of money to their artist, non-recoupable," Taylor wrote on Instagram. "They have generously agreed to this, at what they believe, will be much better terms than paid out previously by other major labels."

Swift said that the Spotify change "meant more to me than any other deal point" and ended with saying "we are headed toward positive change for creators — a goal I'm never going to stop trying to help achieve, in whatever ways I can."

This record deal will not only affect Taylor but thousands of other musicians.

This isn't the first time Swift has used her power for other Artists. In a Rolling Stones article they mentioned, "For Swift to use her status as one of the world's most influential (i.e. revenue-driving) artists as a negotiating platform isn't new: She demanded that Apple make sure artists were compensated during Apple Music free trials in 2015 and went on a three-year boycott of Spotify over the relatively meager royalty payouts from its free tier. (In a volte-face, she restored her catalog on Spotify last summer.)"

Artists don't hate streaming websites, but they want to see what they put in. Putting all of this work into an album and never seeing the actual money? Sounds unfair. They are fighting for their work to be paid for which is what anyone would want.

Taylor is using her platform to help all musicians for equal treatment and pay.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
the beatles
Wikipedia Commons

For as long as I can remember, I have been listening to The Beatles. Every year, my mom would appropriately blast “Birthday” on anyone’s birthday. I knew all of the words to “Back In The U.S.S.R” by the time I was 5 (Even though I had no idea what or where the U.S.S.R was). I grew up with John, Paul, George, and Ringo instead Justin, JC, Joey, Chris and Lance (I had to google N*SYNC to remember their names). The highlight of my short life was Paul McCartney in concert twice. I’m not someone to “fangirl” but those days I fangirled hard. The music of The Beatles has gotten me through everything. Their songs have brought me more joy, peace, and comfort. I can listen to them in any situation and find what I need. Here are the best lyrics from The Beatles for every and any occasion.

Keep Reading...Show less
Being Invisible The Best Super Power

The best superpower ever? Being invisible of course. Imagine just being able to go from seen to unseen on a dime. Who wouldn't want to have the opportunity to be invisible? Superman and Batman have nothing on being invisible with their superhero abilities. Here are some things that you could do while being invisible, because being invisible can benefit your social life too.

Keep Reading...Show less

19 Lessons I'll Never Forget from Growing Up In a Small Town

There have been many lessons learned.

houses under green sky
Photo by Alev Takil on Unsplash

Small towns certainly have their pros and cons. Many people who grow up in small towns find themselves counting the days until they get to escape their roots and plant new ones in bigger, "better" places. And that's fine. I'd be lying if I said I hadn't thought those same thoughts before too. We all have, but they say it's important to remember where you came from. When I think about where I come from, I can't help having an overwhelming feeling of gratitude for my roots. Being from a small town has taught me so many important lessons that I will carry with me for the rest of my life.

Keep Reading...Show less
​a woman sitting at a table having a coffee

I can't say "thank you" enough to express how grateful I am for you coming into my life. You have made such a huge impact on my life. I would not be the person I am today without you and I know that you will keep inspiring me to become an even better version of myself.

Keep Reading...Show less
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

college students waiting in a long line in the hallway

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments