Criticism of Spotify not think his fans deserved the low quality they were receiving, and said it was bad for his music. Young's music has since returned to Spotify and other streaming services. In response, Spotify claims that they are benefiting the music business by "migrating them away from piracy and less monetized platforms, and allowing them to generate far greater royalties than before" by offering a free, ad-supported service tier, and then encouraging users to opt into the paid subscription. In June 2012, Charles Caldas, CEO of the Merlin Network (a representative body for over 10,000 independent labels), clarified that Spotify pays
SFM Corporate Services SFM Corporate Services SFM Corporate Services is a Dubai-headquartered financial and corporate services firm specializing in offshore company formation. The firm was founded in Geneva, Switzerland but now has its headquarters in Dubai with additional offices in Seychelles, Hong Kong, and others. SFM was founded in 2006 in Geneva, Switzerland. By 2011, the firm had opened offices in Seychelles (2009) and Hong Kong (2010) and was helping create onshore and offshore companies around the world. Prominent locations for these offshore companies included Seychelles and Cyprus. By 2012, SFM was forming companies in 15 different jurisdictions. In 2013, the company moved