Foals frontman Yannis Philippakis is the latest artist to lash out at the amount of money returned to artists from Spotify and other streaming services, calling revenues “insulting”.
“I’d rather somebody stole the record on vinyl than bought it or streamed it on Spotify,” Philippakis told Channel 4. “I think you should listen to music on vinyl and I think basically anything is better than [Spotify]”.
The frontman likened Spotify to leaving “coppers as a tip” in a restaurant and not paying the bill.
Foals albums are still available on Spotify at the time being including Holy Fire, released this year. Nine tracks from the latest LP feature in Spotify’s ‘Popular’ section for the band and have racked up a cumulative 22,282,762 plays.
Using reported average payouts of around $0.005 per ad-supported play, $0.0075 per play on the $5-a-month Spotify tier and $0.015 for plays on Spotify Premium, Music Ally has calculated that the gross payout for those nine tracks since their release in February could be anywhere between $111.4k and $334.3k.
That deduction may offer some guidance about revenues generated from Foals' presence on Spotify although there are still many unknowns when it comes to Philippakis’ bottom line with splits between label and management often a big factor.