Apps

Spotify’s New Royalty Rules: A Step Towards Fairer Compensation for Musicians and Content Creators

Spotify’s New Royalty Rules: Recently, the music streaming platform Spotify has announced a few crucial changes in its new Royalty rules for the artists engaged with the platform for their work. With the changes beginning in 2024, Spotify will not be paying the artists and musicians who will upload songs with low streams. 

According to Spotify’s official blog post, the platform has announced new Royalty Rules, which centrally focus on providing better compensation to emerging and professional artists. However, significantly, the streaming catalog of Spotify has increased a lot, and the platform has made a discussion to offer proper value to several real artists and to prevent artificial streaming. 

In order to take benefits from the royalty payments, some fake artists distribute their audio content for artificial streaming. Now, to avoid this situation, Spotify has made a rule that artists will receive their royalty payments if they have at least 1000 streams per year in their songs.  

Other than that, Spotify has also introduced new policies for Noise Recordings. With this, the platform will significantly increase the minimum length of any functional noise recordings to two minutes to be eligible for generating royalty payments. However, this limitation is not for songs. 

In other words, setting the limitations of minimum length will save some fraction of extra money, which will head back into the royalty pool and will be evenly distributed to other hard-working and honest artists.  

In contrast, Spotify offers the least payment to its artists, providing them around $0.0033 per stream. However, it’s expected that through the new royalty policies, the platform will pay better revenue to the artists. 

More:

Apple’s Generative AI Push: Apple May Soon Bring AI-Powered Features to iPhones and iPads

Related Articles

Back to top button