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It includes the unambiguous statement that in Sweden, both Sony and UMG are making more money from Spotify than from any other retailer – online or offline. “Spotify is on track to become the largest single partner we have,” said Sony Music Sweden’s director of digital sales Jacob Herbst (translated quotes). “Looking at the past few months, it is the most revenues for artists and record companies… We already have several artists who receive 80% of their revenues from Spotify. An artist who draws in half a million kronor can get 200,000 to 300,000 from Spotify.”
