Taylor Swift has decided to pull out her catalog from Spotify.

But it's not just Swift who's not comfortable and not "fairly compensated." There are also other artists and producers who clamor of the minimal per-stream royalty rates, leaving artists feeling terrified and devaluated.

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Following the steps of Taylor is country singer Jason Aldean.

Spotify CEO Daniel Ek responded in a blog post, stating that "Spotify making money on the backs of artists upsets me big time."

Ek explained that Spotify aims to fight piracy, so that consumers, rather than resort to purchasing pirated records, could opt to stream music for a minimal fee.

"Our whole reason for existence is to help fans find music and help artists connect with fans through a platform that protects them from piracy and pays them for their amazing work," he wrote in the blog.

Ek even pointed that artists earn "nothing, zilch, zero" from piracy but with Spotify, the recording industry has already earned over two billion dollars.

Ek also explained that top artists, like Taylor, are more likely to earn in excess of $6 million a year.

Ek also made it clear that Spotify is paying more money than any other streaming service.

"We're paying an enormous amount of money to labels and publishers for distribution to artists and songwriters, and significantly more than any other streaming service," he said.

But scrutinizing the figures, Spotify actually hands artists an average of $0.006 - $0.0084 for stream, whereas, (take her case), Swift can sell one album for $13.99 on Target. Compute the difference and see why Swift would want to pull out her catalog.

Swift's latest album, 1989, sold over 1.2 million copies during its first week on the market.

After pulling out her catalog, Swift said that streaming services, like Spotify, "all feels to me a bit like a grand experiment," she said.

She continued that it was not her dream to "contribute my life's work to an experiment" that she does not feel compensated at all.

"I just don't agree with perpetuating the perception that music has no value and should be free." Swift continued.

Tagstaylor swift, Spotify, Daniel Ek