New York: Taylor Swift has addressed her decision to pull her album catalog from Spotify, including the multimillion-selling 1989, and expressed her hope that the music industry "can work together to bond technology with integrity" at Billboard's Women in Music Awards.
The 24-year-old singer, who is "open to change and progress" and "not open to the financial model that is currently in place," said at Cipriani Wall Street that she has taken this year to stand up for her value as a songwriter, as a businesswoman and a content creator, the New York Post reported.
Swift, who is the only artist with a platinum album in 2014 '1989' that sold nearly 1.3 million copies in its first week, added that she thinks they can teach a younger generation about an investment in music.
According to the 'Shake it Off' singer, if u deliver the younger generation a bold statement, they will listen, and when you pour your life into an album, they will buy it.
Swift's label Big Machine recently said Swift had been paid less than 500,000 dollars in 2013 from streaming and in comparison, her album was projected to hit 12 million dollars in sales in its first week.