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George Harrison's Taxman Legacy: $11B Spotify Impact

Wall Street Journal US Business •
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George Harrison's 1966 song 'Taxman' from The Beatles' 'Revolver' album sparked a revolution in music ownership that ultimately enabled Spotify's $11 billion in streaming royalties to the music industry last year. The track, which criticized Britain's 95% supertax on high earners, reflected Harrison's growing frustration with how artists were compensated for their work.

This frustration led Harrison to become one of the first major artists to demand greater control over his publishing rights and royalties. His advocacy helped establish the framework for modern music publishing deals and artist ownership models. The shift away from traditional record label dominance created the foundation for today's streaming economy, where artists can earn directly from their music through platforms like Spotify.

Harrison's transformation of music business practices demonstrates how one artist's push for fair compensation created ripple effects that reshaped the entire industry. What began as a protest song about tax policy evolved into a catalyst for the modern music economy, proving that artist advocacy can fundamentally change how creative industries operate.