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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I already commented somewhere else in this thread, but I've been just buying music via bandcamp and I feel pretty good about it. If I buy about one new album a month for $8, it's cheaper than spotify and after a couple years I have a large library of music I own outright.
This works with my listening habits, which are something like "I have like one new (-to me) album on heavy rotation every couple of weeks". Someone who's more of a "i never listen to the same song twice" extreme wouldn't have as good a time.
This works with my listening habits, which are something like "I have like one new (-to me) album on heavy rotation every couple of weeks"
I actually kinda do the same thing, so you've got me thinking I should start just buying albums. Build a Jellyfin server so I can still stream music, and just not deal with subscriptions.
And actually, most of the time I buy records that come with digital downloads anyway. Time to rethink my Tidal subscription.