Dave Stewart Says Songwriters Should Worship Spotify
Posted by Joseph Lee on 10.01.2013
Including Thom Yorke...
In an interview with The Guardian, The Eurythmics' Dave Stewart said that songwriters should worship Spotify, including Thom Yorke and Nigel Goodrich. Here are highlights:
On how songwriters should feel about Spotify: "Thom Yorke made a mistake there, him and Nigel Godrich. They were misinformed. I think they just suddenly got a bee in their bonnet, because Spotify is one of the few companies that is transparent and actually pays properly – as a songwriter you should worship Spotify, because they've come along with a solution."
On the real problem with Spotify's business model: "It's a volume business. If they had 100 million subscribers, which is possible, the payment [for the Eurythmics catalogue] would be equal to the band's income back at the peak of selling."
On his view of record labels: "You see record labels are the devil. Record labels and publishing companies are the worst banks in the world … My own record label boss [Jose Menendez] was murdered by his own kids, and through that murder me and Annie [Lennox] found out where most of our royalties went."