Taylor Swift has sold 1.287M albums this week, yet the music industry is in trouble than ever. Want to know why?
The new album of Taylor Swift, which was entitled "1989" has sold more copies during its first week in comparison to some albums like the album of Eminem entitled The Eminem Show last 2003. This is great news. The album sales have trickling off over the years and the album of Swift has proven that with the right marketing, right star as well as right timing individuals will still purchase albums in droves.
However, there is a problem. The pop star has pulled all her songs from Spotify recently, dealing a blow to the company, which is one of the few bright spots as well as model of the industry that many people are searching for future consumption of music.
It is not uncommon for huge artists to withhold albums from Spotify to juice their 1-week sales. Coldplay and Eric Church have done it last year and have enjoyed the biggest debuts. Eventually, those albums were showed up on the app. However, the case of Swift is severe as she is the very first star to outright yank her own catalog in the service because of money issues. Since she is one of the biggest star in the music industry, it is a cause for concern, which some could follow.
According to the pop star singer, she is not willing to contribute her life's work in an experiment that she don't feel fairly compensates artists, writers, creators, and producers of her music. She also added that she do not agree about the thought that the music must be free and has no value.
Spotify is a streaming music service based in Sweden, which launched in the United States last 2011. From the consumer standpoint and without exaggerating, this is the biggest thing that happened to the industry of music.
