Spotify threatens Uruguay pullout over equitable remuneration plans
Spotify threatens Uruguay pullout over equitable remuneration plans
Spotify has warned that it may shut down its service in Uruguay if a new budget bill becomes law in its currently-proposed form.
Okay, I was ready to call out Spotify, until I read this:
The assumption there has been that streaming services would not be paying more money out, but rather that a portion of those payouts would be paid directly to artists (via a collecting society). Thus, ER [Equitable Renumeration] would reduce labels’ share of the royalty pie. Spotify is saying that in its currently-proposed form, that’s not what would happen under the Uruguayan budget bill.
If it’s the label that’s supposed to be paying, but Spotify might actually be charged, that’s a valid reason for Spotify to be concerned.
As long as artists are compensated fairly, which is the point of this bill, I’m happy.