HERE’S EXACTLY HOW SPOTIFY’S NEW 1,000 ANNUAL STREAMS ROYALTY POLICY WORKS…

MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an asset class.

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SPOTIFY IS CHANGING ITS ROYALTY MODEL TO CRUSH STREAMING FRAUD AND INTRODUCE A MINIMUM PAYMENT THRESHOLD. ITS PLAN? TO SHIFT $1 BILLION IN PAYOUTS TOWARDS ‘WORKING ARTISTS’ OVER THE NEXT 5 YEARS.

This is huge news – and it’s been a long time coming.

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THE 3 MAJOR MUSIC COMPANIES GENERATED $1BN MORE IN THE FIRST HALF OF 2023 VS. THE FIRST HALF OF 2022

Music BusinessWorldwide writes, “the three majors combined generated an average of approximately $72 million per day in the first half of this year… or roughly $3 million per hour.”

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WHY INGESTING 100,000 TRACKS A DAY MAY NOT PROVE SUSTAINABLE FOR SPOTIFY’S BUSINESS IN THE LONG-TERM.

MBW Reacts is a series of comment pieces from the MBW team. They are our ‘quick take’ reactions – through a music biz lens – to major recent entertainment news stories.

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IT’S HAPPENED: 100,000 TRACKS ARE NOW BEING UPLOADED TO STREAMING SERVICES LIKE SPOTIFY EACH DAY

MBW’s Stat Of The Week is a series in which we highlight a single data point that deserves the attention of the global music industry. Stat Of the Week is supported by Cinq Music Group, a technology-driven record label, distribution, and rights management company.

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GLOBAL RECORDED MUSIC REVENUES HIT $25.9BN IN 2021, UP 18.5% YOY

Global recorded music revenues reached $25.9 billion in 2021, an increase of 18.5% versus 2020.

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RECORD LABELS REALLY, REALLY DON’T LIKE A NEW BILL THAT COULD – EVENTUALLY – CHANGE HOW ARTISTS GET PAID IN THE UK

Music Business Worldwide’s Murray Stassen reports, “Record companies, both majors and indies, are up in arms over suggestions from a British politician that signed artists should see a portion of their UK streaming royalties bypass the label system entirely, and be paid to performers directly via a collection society.”

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COULD THIS TECHNOLOGY, BUILT BY A GRAMMY-WINNING PRODUCER, BLOW UP MUSIC’S ‘BLACK BOX’ ONCE AND FOR ALL?

Music Business Worldwide’s audience doesn’t need much tutoring about how big a problem the global industry’s so-called ‘black box’ has become.

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GOLDMAN SACHS: UNIVERSAL IS WORTH OVER $50BN, AND GLOBAL MUSIC STREAMING REVENUES WILL RISE $3BN THIS YEAR

The MBW Review is where we aim our microscope towards some of the music biz’s biggest recent goings-on. This time, we leaf through Goldman Sachs‘ latest must-read report about the music industry.

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IFPI issues Global Music Report 2021

Global recorded music revenues grow 7.4%.

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