Thom Yorke Pulls Music from Spotify, Calls it Unfair to New Artists

I wrote a small blurb about this last week:  

As reported by The Wall Street Journal, Yorke and Radiohead producer Nigel Godrich took to Twitter on Sunday to announce that they were removing Yorke's solo album The Eraser, their joint project Atoms for Peace, and the debut album from Godrich's band Ultraísta from Spotify and its ilk.

Services like Spotify and Rdio seem great for the listener but downright awful for the artist.  How can a model like this last long term? 

How the Hell Do Musicians Make Any Money from Streaming Services?

I've been doing some research for an article on streaming services and it just baffles my mind how little musicians are paid by services like Pandora, Spotify, Rdio, and the upcoming iTunes Radio from Apple:

During iTunes Radio’s first year, Apple will pay a label 0.13 cents each time a song is played, as well as 15% of net advertising revenue, proportionate to a given label’s share of the music played on iTunes. In the second year, that bumps up to 0.14 cents per listen, plus 19% of ad revenue.
That compares to the 0.12 cents Pandora pays labels per listen on its free service. Apple is also offering music publishers more than twice as much in royalties than Pandora does.

It amazes me that so many artists agree to get paid so little.  I guess this is the way things are trending and that most artists do it because they have to.

Original article source: WSJ