In an interview with the Los Angeles Times, Newsom recognized that the streaming service Spotify is “a genius idea,” but spoke out against what she sees as a systematized attempt to circumvent paying artists:
Spotify is like a villainous cabal of major labels. The business is built from the ground up as a way to circumvent the idea of paying their artists. The major labels were not particularly happy with the fact that as the royalty money dwindled more and more, their portion of the percentage split agreed upon in their licensing agreement got smaller and smaller.
So someone came up with a great idea that if they start a streaming company, they can make those percentages even smaller. Infinitesimal, because they can make their money from advertising and subscription, and they don’t have to pay their artists anything for that. So it’s set up in a way that they can just rob their artists, and most of their artists have no way to fight it because they’re contractually obligated to stay with the label for x amount of time and you can’t really opt out. It’s a garbage system.
Read about Newsom’s upcoming tour for her new album Divers and recent music videos directed by Paul Thomas Anderson here.
