The Acquired Podcast episode on Taylor Swift goes into a lot of detail (toward the end) on how these things shake out and different rights and typical renumeration. Covers why radio/CDs were much better deal for artists. Also how she used her power to benefit all artists. youtu.be/ssljH1mQyfk?...

Taylor Swift (Acquired’s Version)

YouTube video by Acquired

Like, did you know that Spotify offered stock to the record labels at a good price so they would play ball? This stock appreciated and the artists saw none of it. Super slimy. Taylor used her power to force UMG to share more of those profits with artists than any other label.