Jem Aswad Executive Editor, Music As expected, Spotify unveiled its updated streaming payment policies for artists and labels on Tuesday morning, and they are essentially the ones that have been previously reported in recent weeks: efforts to cut down on fraudulent streams; increasing the minimum payable track length for what is called “noise” content (the often-cited “rain falling on a rooftop” recordings); and eliminating payment for songs with less than $1,000 streams.
The company claims the updates will drive an additional $1 billion toward artists, by re-directing the payments that had previously gone to fraudulent streams, noise content or distributors that do not distribute royalties below a certain amount.
While there has been significant uproar around the last element in particular, it should be noted that 1,000 streams generates an average of $3 annually in royalties, while many distributors do not distribute such low amounts — which means that money remains with the distributor.
While those amounts are very small for the average artist, added up across thousands of artists per year, it’s a substantial total.Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
©2023. All rights reserved.