It's race to the bottom for payouts. The owners are still rolling in Bentleys and sip champagne.
Seems like the ones losing out are those that are signing record deals, giving over 41% (or 54%? The %s don't add up to 100 in the article,) to a label who... Just puts them on Spotify?
Spotify is in a good position to cut out record labels by working with artists directly.