Spotify's success seems unstoppable, despite many labels (especially indies) removing their artists from the swedish streaming service as they pay-out per stream is extremely low.
Yesterday was a historic day as the US data from diverses streaming companies like Spotify, Rhapsody and Slacker have been added up to the Billboard Hot 100 charts, the US singles popularity chart (which is based on radio play and sales while it's solely based on sales in the UK). This move illustrates very well the change of balance we're witnessing these last two years between digital download sales (no one hardly buys CD singles no more) and streamings. To give a number, Nielsen data shows that 494.000.000 songs were streamed last week while only 27.100.000 singles were legally obtained. All those numbers may look good to the users, yes they love Spotify and streaming and why shouldn't they as the offers are very interesting, but the thing is: this is killing the smaller labels.
Do the maths: Itunes will pay the labels 0,40 Euro per download while Spotify will only retribute 0,002 Euros. If we take that with the numbers of singles sold last week in the as a simple calcalation...