2023-11-06 16:16:20
Spotify intends to stop paying for playing music from small artists. Tim Ingham, from the website Music Business Worldwide, reports that Spotify will make major changes to the royalty payment model for artists’ songs and albums. Now there will be a new minimum reproduction limit for the artist to start earning remuneration for playing a certain song on the application.
Small artists are not important to Spotify
Small artists are not important to Spotify and the company wants to avoid paying for their music. Source: Oficina da Net
According to Music Business Worldwide, Spotify will require that there be 1000 reproductions of a track for the company to start paying the artist. This will be the minimum annual number for the streaming platform to start paying artists and will take effect from the first quarter of 2024.
According to the information released, this change was “designed to [desmonetizar] a population of groups that today, on average, earn less than five cents [de dólar] per month.” Currently, it is possible to earn 5 cents in the US with approximately 200 plays of a song. With this change, the company expects to save US$40 million.
Denis Ladegaillerie, CEO of Believe, parent company of TuneCore, a digital music distribution, publishing and licensing service, said in an interview during the Music Business Worldwide podcast:
Why wouldn’t you pay an artist like that [por conseguir menos de 1.000 streams]? Does not make sense.
Attitudes like this only show that Spotify only cares about what is big and popular and does not want to encourage new talents to launch their careers through its music streaming platform. What do you think about this situation? Comment below and share your opinion with us!
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