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 10 months ago by fpslem@lemmy.world to c/technology@lemmy.world
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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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[–] deranger@sh.itjust.works 0 points 10 months ago (1 children)

Not sure if this is exactly good news, but Epic Games doesn’t own it anymore, it was sold to Songtradr.

[–] can@sh.itjust.works 0 points 10 months ago (1 children)

the largest music licensing platform in the world

Doesn't sound too good to me. Bandcamp used to be where I could get music from smaller artists who couldn't afford clearing samples (as they weren't making money) and I worry a lot of that will be lost.

[–] deranger@sh.itjust.works 0 points 10 months ago (1 children)

Still is, for now. I run a small vaporwave tape label via Bandcamp. No significant changes under Epic Games or Songtradr that I’ve noticed. That could change, though.

[–] supersquirrel@sopuli.xyz 1 points 10 months ago* (last edited 10 months ago)

It will change, I promise you. I am so confident I will literally bet my girlfriend's chihuahua on it.

collapsed inline mediawikipedia chihuahua

better hope lefties and artists get their shit together you tiny little monster