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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 surpassed 500 million users in 2023, making it one of the largest music streaming services on the planet. Part of successfully tapping into that market is album artwork that follows Spotify’s album art cover guidelines.
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Spotify overlooked a few details in its much-ballyhooed ‘royalty modernizing’ plan — including the illegal parts. What else is about to blow?
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Here's a full breakdown of the plan, based on Billboard's reporting, including streaming thresholds, fraud fees and minimum track lengths.
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Amid continued debate about (and criticism of) Spotify’s reported plan to cease paying royalties for the vast majority of on-platform works, one songwriter is formally questioning whether the involved model is legal under stateside copyright law.
As Deezer and Universal Music Group (UMG) prepare to roll out their much-debated “artist-centric” model in France, Spotify is reportedly set to retool its own compensation model beginning in 2024’s first quarter.
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This is huge news – and it’s been a long time coming.
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Spotify stock (NYSE: SPOT) has spiked following the release of a seemingly strong Q3 2023 earnings report, including the addition of six million paid subscribers and an operating profit of €32 million (currently $33.88 million).
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The company is planning changes to its royalty model for 2024 that will disqualify some tracks from payments and increase penalties for fraud.
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Your ROI for Spotify playlists will probably be $0, at least for a while when you first start out. But that’s okay.
