That's a much smaller number than the one offered by Spotify's Daniel Ek earlier this week.
The Taylor Swift vs. Spotify saga continued Wednesday (Nov. 12) with revelations about royalties the singer generated at the streaming company. Scott Borchetta, head of Swift's record label, Big Machine, told Time magazine that Swift's catalog earned less than $500,000 -- $496,044 to be exact -- in the past 12 months from domestic streaming at Spotify.
That's a much smaller number than Spotify CEO Daniel Ek suggested in a blog post Monday. In his lengthy defense of Spotify's business model after Swift pulled her entire catalog from the service, Ek claimed "payouts for a top artist like Taylor Swift (before she pulled her catalog) are on track to exceed $6 million a year" -- a global figure -- and will probably double in the next year.