Swift may never get back together with Spotify

Taylor Swift performs at Singapore Indoor Stadium on June 9, 2014 in Singapore.
Nichy Loh | TAS | Getty Images
Taylor Swift performs at Singapore Indoor Stadium on June 9, 2014 in Singapore.

In a steadily declining music industry, Taylor Swift is an anomaly. Her newest album "1989" is the first album to go platinum in 2014.

SoundScan reported Tuesday that Taylor Swift's fifth album sold 1.287 million copies in its first week. This is the third consecutive album for Swift to accomplish this feat. The 24-year-old artist has achieved the highest week of sales of any album since Eminem's 2002 "The Eminem Show."

Earlier this week, Swift pulled her entire catalog of music from Spotify. She had previously withheld her 2012 album "Red" from the online streaming service for eight months following its release.

"If I had streamed the new album, it's impossible to try to speculate what would have happened. But all I can say is that music is changing so quickly, and the landscape of the music industry itself is changing so quickly, that everything new, like Spotify, all feels to me a bit like a grand experiment," Swift said in an interview with Yahoo.

"And I'm not willing to contribute my life's work to an experiment that I don't feel fairly compensates the writers, producers, artists, and creators of this music. And I just don't agree with perpetuating the perception that music has no value and should be free."

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Spotify reported in 2013 that nearly 70 percent of the revenue it makes from paying customers is put towards royalty payments. On average, $0.007 is paid per play to artists.

Spotify released a statement on Monday that defended their compensation of artists, but also expressed their fondness for Swift. They noted that nearly 16 million of their users have played her song in the last 30 days and she appears on over 19 million playlists.