Gene Simmons says it’s not really Spotify’s fault that artists aren’t getting paid from streaming

Kiss bassist Gene Simmons said musicians aren’t getting paid what they deserve by streaming platforms, but that’s not entirely Spotify’s fault.

The music streaming service, which starts trading on the New York Stock Exchange Tuesday, revolutionized the music industry with licensing agreements that make practically every popular album available to stream.

Those agreements with the big labels, though, aren’t always good for the artists behind the music. But, “that doesn’t mean you shouldn’t buy Spotify [stock],” Simmons told CNBC’s “Squawk on the Street” Tuesday.