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Noelle 📚 (noellemitchell@mstdn.social)'s status on Saturday, 25-Nov-2023 04:00:00 UTC Noelle 📚

Spotify Reportedly Plans To Pay Even Less In Royalties To Less-Popular Artists
"The new system will benefit the artists and labels that are already more established, and the biggest change is that a track will need to reach a minimum number of annual streams before it starts generating royalties."
Words can't describe how much I dislike Spotify.
#Spotify #Music #Streaming #Art #artists #News #media
https://www.stereogum.com/2240332/spotify-reportedly-plans-to-pay-even-less-in-royalties-to-less-popular-artists/news/
In conversation Saturday, 25-Nov-2023 04:00:00 UTC from mstdn.social permalink
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1. Spotify Reportedly Plans To Pay Even Less In Royalties To Less-Popular Artists
  
  from Tom Breihan
  
  Spotify, already notorious for its insultingly low royalty rate, is reportedly planning to pay even less to artists who don’t already get a ton of streams. Billboard reports that the giant Swedish streaming service is restructuring its royalty system and that it “will de-monetize tracks that had previously received 0.5% of Spotify’s royalty pool.” Presumably, Spotify will frame this as a way to combat fraud and to limit payments to ambient-noise generators, but it could also have a tremendous effect on the service’s role within the independent music world.

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