Spotify is set to reduce payments to songwriters by approximately $150 million next year due to changes in its subscription tiers, including Premium, Duo, and Family Plans. The new bundling scheme will lead to a new royalty model resulting in decreased payments to songwriters, sparking frustration in the music industry.
NSAI, NMPA, More Share Frustration With Spotify’s Payment Change https://t.co/HaZfaGPfea
Spotify’s recent bundling of audiobooks with its music offering is changing how it pays songwriters and publishers. With an estimated $150 million in lost revenue, the music publishing industry isn’t thrilled with the upcoming changes. https://t.co/lyiV4JKlO4
Spotify’s Estimated $150M Songwriter Royalty Cuts: Music Industry Reactions (Updating) https://t.co/vHKkY9QBfs
Spotify just announced they're cutting royalties (again) for songwriters by 150 MILLION DOLLARS Here's my message to @Spotify and CEO Daniel Ek 👇 https://t.co/1Yjh8thVvo
Spotify aggressively raised subscription price, but… https://t.co/Ah709kVPs4
Spotify's upcoming plan changes will allow for a new royalty model resulting in songwriters being paid less → https://t.co/FroVB1i3vR https://t.co/8XCgHJtVCH
Billboard reports that Spotify’s new bundling scheme will pay songwriters $150 million dollars less next year. It’s time for DSPs to pay artists, musicians, and songwriters fairly! We need the Living Wage for Musicians Act now! https://t.co/c5kDG5n2aU
A new report estimates that Spotify will pay $150 million less in royalties this year as a result of its retooled subscription tiers → https://t.co/bFXRRuQU16 https://t.co/IM2fWqcIFO
Spotify to Pay Songwriters About $150 Million Less Next Year With Premium, Duo, Family Plan Changes https://t.co/LYHYojuCSr