Is this statement from 2019 still valid criticism of Spotify

[tantien3]

Robert Brown posted this in 2019 

"The CEO of Spotify is worth 2.5 billion. Meanwhile, all the artists are paid next to nothing, and everybody from Tool to Coldplay, to Taylor Swift has gone to war with Spotify over their unfair treatment of artists.

Pink Floyd said this about Spotify, “those services (Spotify and other streaming services) should fairly pay the artists and creators who make the music at the core of their businesses. For almost all working musicians, it's also a question of economic survival."

The Black Keys has a great one, "if somebody’s making money then the artist should be getting a fair cut of it. The owner of Spotify is worth something like $3 billion... he’s richer than Paul McCartney and he’s 30, and he’s never written a song.”

Beck said, “What Spotify pays me is not even enough to pay the musicians playing with me or the people working on the discs, it's not working. Something is going to have to give." (Beck won a Grammy this year, by the way.)

Can anyone state if this is still a valid criticism in 2024? Are artists paid more fairly today by Spotify?

[tantien3]

BTW: I am a long time Spotify user and love the service, so I have no complaints there. But I didn’t know that musicians were so poorly compensated. And I don't know if this is any better than Apple Music, Amazon, Sirius, or Pandora, etc.