Metallica Threatens To Pull Music From Spotify Unless Company Increases Executive Salaries

  • 📰 TheOnion
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

'We’re taking a stand here and now: Until Spotify agrees to stop profiting off the backs of its direly undercompensated C-suite, it will not have access to the Metallica catalog, plain and simple.' — larsulrich

SAN FRANCISCO—Offering harsh criticism for a streaming platform that has often faced charges of unfair compensation, Metallica announced Monday that it would remove its music from Spotify unless the company immediately increased the salaries of all high-level executives.

“Frankly, we can no longer stay silent and support the insultingly low amounts of money Spotify pays out to its top brass, some of whom still earn salaries as low as seven figures,” said drummer Lars Ulrich, pulling up a recent earnings statement for his band and questioning why more of Metallica’s hard-earned money wasn’t lining the pockets of Spotify’s CFO Paul Vogel, for instance, who according to Ulrich was making pennies on the dollar compared to what he was owed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 724. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

larsulrich Of course it’s Lars

larsulrich honestly. knowing Metallica this is probably a true story.

larsulrich Is that WWERomanReigns before WWE?

larsulrich

larsulrich Dude Eve6

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Agricultural companies pull out of Russia as U.N. ramps up efforts to help Ukraine’s farmersAgco, an agricultural machinery company, said it “carefully considered how best to serve farmers” before suspending sales in Russia and Belarus.
Source: washingtonpost - 🏆 95. / 72 Read more »

Pressure Mounts for Western Companies Leaving RussiaCompanies that are pulling out of Russia in response to Moscow’s invasion of Ukraine are facing pressure after President Vladimir Putin endorsed a plan to nationalize assets left behind. The long term cost to what precisely . . . obscene profits like these? STOP, wake up, gas prices, it’s not Biden! Greedy Oil & Gas Industry, shareholders & the billionaires oil & gas families, the Hamm’s & Koch’s
Source: WSJ - 🏆 98. / 63 Read more »