The Author doesn't understand how the streaming business works, and as far as I can tell, no one in the comments here has shone a better light on it. There is and there isn't just a pool of money that goes to beyonce, the weeknd and taylor swift... i say there is because what actually happens is, the collecting societies will collect the money, then distribute it based on streams correctly to the artists/writers/prod…
Since you seem to understand how it works, can you explain the following to me: Let's say I pay $10 to listen to my favorite indie band, for 1 hour each week. Let's say another user listens to Taylor Swift 24/7. Does my favorite band get my $10, or do they get $0.12? You see, when I pay $10, I don't expect $9.88 to go to Taylor Swift. Or does my favorite band actually gets my $10, like it used to be when I bought CD'…
i think there's an over-simplification of how this works going on. When you buy a $10 cd from let's say your dad's friends garage band, that $10 is going to your dads friend, and obviously they might have expenses before they really see that $10 (buying CD-R's, printing, etc etc).
you spend $10 on spotify premium, and exclusively listen to your dads friends garage band, that $10 is not going to your dads friend, it's going to spotifys bank account which will then be used to pay for execs, macbooks, operating costs etc, but also be used to fund the artist pool. so your $10 and some other persons $10 that they use for elton john records, all sit in the same account. Elton John via EMI or whoever, might have negotiated a 0.000005c per stream deal and so gets that. your dads friend might be on a very basic rate of 0.000002c per stream (numbers made up), and will receive that. so yeah elton or taylor or other big names will get a better deal.