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Digital Music News reported on the existence of Spotify Unwrapped this year as a calculator to show music lovers how little artists are paid from streaming services. Plugging in the data generated by Spotify Wrapped was relatively straight forward; now the calculator is gone with a message in its place. "This site used to be a parody of Spotify Wrapped that called the company out for its predatory treatment of artists," the message begins. "It has been removed at the request of Spotify's legal team. You can still join our fight for Justice at Spotify at the United musicians and Allied Workers (UMAW) website." Despite the shutdown, the site still includes the formula behind the calculator for artists and music lovers who are curious. "Artists can multiply their Spotify Wrapped total streams by $0.003 to calculate royalties Spotify paid out for music. If you have a label and/or bandmates that share these earnings, you might also want to divide that total appropriately." Spotify is a money-maker for investors, with the stock popping off this year and reaching nearly $500 per share. Daniel Ek took advantage of the high tide and sold around $350 million in shares according to U.S. Securities and Exchange Commission (SEC) filings. Stock sales accelerated in the month of December with around 20 Spotify insiders dumping stock at its new highs. Those new heights were achieved after massive cost-cutting measures last year, including a 25% reduction of the workforce in 2023. Spotify also increased the price of its Spotify Premium subscription across several markets in 2023. The stock sell-off among Spotify insiders has reached $1.25 billion in 2024 alone. How Much Stock Did Spotify Insiders Sell This Year? 1. 1. Daniel Ek, CEO -- $350 million 2. Martin Lorentzon, Co-Founder -- $550 million 3. Gustav Soderstrom, Chief Product & Technology Officer -- $106 million 4. Katarina Berg, Chief Human Resources Officer -- $38 million 5. Alex Norstrom, Chief Business Officer -- $63 million 6. Dustee Jenkins, Head of Public Relations -- $6 million SPOT stock value nearly tripped in 2024 and the company is approaching a $100 billion market capitalization. The stock sell-offs by executives accelerated throughout November and December and it comes as music fans were left groaning about the poor state of Spotify Wrapped this year. Share on: * Facebook * Twitter * LinkedIn * Copy Link Related Posts * DMN Pro Exclusive [dmnpro-blue-background-pattern-360x240] Spotify's Individual Subscribers Are Suddenly Declining In the US -- Here's a Look at the Latest Data Paul Resnikoff December 18, 2024 * DMN Pro Exclusive [dmnpro-blue-background-pattern-360x240] Amazon Music Is Losing Ground In 2024 -- And Other Takeaways From DMN Pro's Latest Streaming Subscriber Breakdown Paul Resnikoff December 11, 2024 * Kingship So Long, Kingship -- Bored Ape 'Supergroup' Deletes Social Handles, YouTube Channel, and Website As NFT Fallout Continues Dylan Smith December 27, 2024 * Beyonce Bowl Netflix Launches 'Beyonce Bowl' Special Following Christmas Day NFL Broadcasts Dylan Smith December 27, 2024 2 Responses * * 1. [] gogoods December 24, 2024 Well, there's this. https://www.goodtunes.music/wrapped The best news? GoodTunes not only helps Artists make up to 500x over streaming alone, but we encourage artists to still stream. Heck, we can even help Spotify and other DSPs to earn even more money (while rights holders make more than them). The goal? For Music to win, for us all. Log in to Reply 2. [] Jan Moravec December 26, 2024 Spotify isn't at a fault, just people who don't buy CDs. Stay mainstream and teen, buy CDs. Support universal vibes in your music. Streaming doesn't work that way that artists get or deserve royalties from it because mainstream works in CDs. Who would stop listening to CDs when they just have a better feeling than anything else? Streaming is just for the convience of playing songs at a whim, but you need to be supporting artists with CDs if you wanna complain about this. Log in to Reply * * Leave a Reply Cancel Reply You must be logged in to post a comment. Subscribe to Our Daily Newsletter [ ] [Sign up] Leave this field empty if you're human: [ ] Terms of Use | Privacy policy | Privacy settings Digital Music News (c)2024. 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