Spotify have issued a statement following Thom Yorke's decision to remove some of his albums from the streaming service.

The Radiohead mainman recently pulled his solo record 'The Eraser' off Spotify, as well as 'Amok' by his Nigel Godrich collaboration Atoms For Peace.

Yorke cited the notion that fledgling artists are getting a raw deal financially out of the streaming company, whilst shareholders will soon be "rolling in it".

A Spotify spokesperson has responded by defending the service and its apparent ability to support up and coming musicians. They told Music Week:

"Spotify's goal is to grow a service which people love, ultimately want to pay for, and which will provide the financial support to the music industry necessary to invest in new talent and music. We want to help artists connect with their fans, find new audiences, grow their fan base and make a living from the music we all love.

"Right now we're still in the early stages of a long-term project that's already having a hugely positive effect on artists and new music. We've already paid US$500M to rightsholders so far and by the end of 2013 this number will reach US$1bn. Much of this money is being invested in nurturing new talent and producing great new music. We're 100% committed to making Spotify the most artist-friendly music service possible, and are constantly talking to artists and managers about how Spotify can help build their careers."