The music streaming service has released a statement, saying that they hope Swift will reconsider her decision.

Perhaps the writing was on the wall when Taylor Swift, a known opponent of free music, was quoted by Rolling Stone as saying: "Music is art, and art is important and rare. Important, rare things are valuable. Valuable things should be paid for. "

Well, it seems that Swift has put her money where her mouth is, so to speak, and yanked her entire music catalogue from Spotify a week after the release of her top-selling new album '1989' - an album which Billboard reports is set to pass 1 million sales by the time it's a week old.

Industry speculation suggests that Swift and her label Big Machine made the decision in order to capitalise on the album's sales ahead of the rumoured sale of the label itself. This move could potential inflate the labels value in advance of bids.

Spotify users can stream the album for free, or pay a small fee to hear the record without ads, and the music streaming service has attempted to get Swift back on board.

"We hope she'll change her mind and join us in building a new music economy that works for everyone. We love Taylor Swift, and our more than 40 million users love her even more - nearly 16 million of the have played her songs in the last 30 days, and she's on over 19 million playlists."

Swift isn't the first artist to raise their concerns over Spotify's imprint on the music distribution system, Radiohead's Thom Yorke has also been a vocal opponent and removed his Atoms For Peace album from the streaming service.