After announcing increased prices, Spotify to Pay Songwriters About $150 Million Less Next Year
After announcing increased prices, Spotify to Pay Songwriters About $150 Million Less Next Year
Spotify will potentially pay songwriters about $150 million less in U.S. mechanical royalties next year after bundling its plans with audiobooks.
When Bloomberg reported that Spotify would be upping the cost of its premium subscription from $9.99 to $10.99, and including 15 hours of audiobooks per month in the U.S., the change sounded like a win for songwriters and publishers. Higher subscription prices typically equate to a bump in U.S. mechanical royalties — but not this time.
By adding audiobooks into Spotify’s premium tier, the streaming service now claims it qualifies to pay a discounted “bundle” rate to songwriters for premium streams, given Spotify now has to pay licensing for both books and music from the same price tag — which will only be a dollar higher than when music was the only premium offering. Additionally, Spotify will reclassify its duo and family subscription plans as bundles as well.
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"Let's throw away all of our physical media! All digital streaming music, movies and books will be so much better! Everything we want, always available, anywhere!!!"
Somewhat true if you're a seasoned sailor of the high seas, not so much if not...
I'm fighting this fight with phone and sd cards. It's part of the reason they are killing sd card slots to get people to put everything in the cloud.
Sadly most people are morons and are doing exactly that.
Most people do not understand that there are many ways to burn a book.
You don't need to be a "seasoned sailor". It's incredibly easy IMO to get what you want if you're willing to put forth a tiny amount of effort.
The seasoning helps to know where it’s safe to put into port though.
We are entering the golden age of self hosting and I’m gonna go all in!!!
And for those wondering what about artists, two words: live shows