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    By the end of 2013 Spotify will have paid out $1 billion in royalties

    Although creating a viable music industry business model based around streaming is still a work in progress, Spotify claim that they are doing their best.

    "We’re 100% committed to making Spotify the most artist-friendly music service possible, and are constantly talking to artists and managers about how Spotify can help build their career."

    To this end, the company will have paid out $1 billion dollars in royalties to the rights-holders by the end of 2013, with over $500 million paid out in the company's first three years of existence.