[bgarbiak]

Although some are claiming that Spotify's pricing is similar to the amount that the average person used to spend on CDs, so why are labels getting less from Spotify than they did from CDs/iTunes

I'm guessing one of the reasons is that iTunes is simply more popular right now, plus it's different demographics and so on.

Spotify's great promise to labels is that once it will become ubiquitous (see: Facebook integration) they (labels) will get money from more people than ever, kids that grow up getting used to free music (YouTube, torrents, etc.) included. There's even a slim chance it will change some habits of these people (for example: convince them to pay some). Who knows, I spend more on music now than before I became a subscriber so maybe there is some ground to that pledge.

One thing that amazes me though is the ability to download an album (= make a playlist out of it and turn "available off-line" option on) in Spotify's mobile apps. Thought labels will strongly oppose that - it nullifies a potential need to buy music completely. Even though I love this feature I sometimes feel it's too much (considering how little artists get from that).