It may well be the case that the fees are not enough to cover expenses, and royalty payments are a fraction of what they use to be. At its peak, the worldwide recorded music business made four times what it makes now. Pirating has cut very deep into profits. If you sell CD's or vinyl or downloads or a subscription to a streaming service, you have to price it low enough that someone will pay instead of stealing the content. I hope Spotify can successfully alter their business and get back on track; it would be worse for buyers as well as musicians if they, and other services, fail.
