The major record companies lost market share again on Spotify last year. But BMG and ‘artist-centric royalties’ make this a more complicated picture than it first appears.

The major record companies lost market share again on Spotify last year. But BMG and ‘artist-centric royalties’ make this a more complicated picture than it first appears. - Music Business Worldwide

To understand one of the industry’s favorite graphs, a few things first need to be taken into account