this post was submitted on 09 May 2024
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After announcing increased prices, Spotify to Pay Songwriters About $150 Million Less Next Year (www.billboard.com)
submitted 6 months ago by [email protected] to c/[email protected]
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When Bloomberg reported that Spotify would be upping the cost of its premium subscription from $9.99 to $10.99, and including 15 hours of audiobooks per month in the U.S., the change sounded like a win for songwriters and publishers. Higher subscription prices typically equate to a bump in U.S. mechanical royalties — but not this time.

By adding audiobooks into Spotify’s premium tier, the streaming service now claims it qualifies to pay a discounted “bundle” rate to songwriters for premium streams, given Spotify now has to pay licensing for both books and music from the same price tag — which will only be a dollar higher than when music was the only premium offering. Additionally, Spotify will reclassify its duo and family subscription plans as bundles as well.

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[–] [email protected] 4 points 6 months ago* (last edited 6 months ago) (1 children)

I realize I kept saying CDs, but I also include buying digital version in what I meant, edited my original post to say that. My main gripe is that we do have these services in which musicians can put their work out there and get paid fairly for it, but people don’t use them. Buying digital album is cheaper than monthly streaming price for Spotify too. These services that people value for convenience are hurting artists. We even have musicians commenting so here.

[–] [email protected] 2 points 6 months ago* (last edited 6 months ago)

There is also so much great music being put out for free officially