Spotify says that his payments are improving, but artists are still disagreement

Spotify says that his payments are improving, but artists are still disagreement

Spotify published his annual on Tuesday Strong and clear reportCetail information on the fees of the music streaming service. While Spotify revealed earlier this year that it paid $ 10 billion To the music industry in 2024, the new report offers more in -depth figures on its payments in order to dispel that the company does not properly reward artists for its work.

For the very first time, an artist who received one on each million flows on Spotify generated more than $ 10,000 on average in 2024, which is 10 times what the same Streamshare would have generated a decade ago, the report said.

While Spotify praises the amount he paid to artists and songwriters, many require fair compensation for the streaming service. A few weeks ago, a number of composers nominated in Grammy The singer-songwriter of the Boycotté of Spotify Grammy Party due to the drop in royalties in the musical streaming service. Due to a change introduced by Spotify last year, Billboard estimated That writers lose approximately $ 150 million over 12 months.

In addition, a New Duetti report (that Spotify rejected in a Previous declaration at Techcrunch) found that Apple Music always pays artists twice as much as Spotify. He found that Spotify paid artists $ 3.0 for 1,000 flows, while other platforms like Amazon Music, Apple Music and YouTube paid $ 8.8, $ 6.2 and $ 4.8, respectively, for 1,000 flows in 2024.

After the publication of the report, Spotify told Techcrunch that “these statements are ridiculous and unfounded” and that no streaming service pays by flow “.

Spotify’s new report is trying to reject these reports and concerns. The report details the company’s payment model to explain how artists and publishers gain income on its platform.

“The main streaming services calculate all payments in the same way: on the basis of Streamshare (if the catalog of an artist represents 1% of the total flows, he would earn 1% of the total fees),” said the company in his report. “However, false ideas on” flow rate “remain widespread. Streaming services do not pay on the basis of a fixed rate by flow – just as listeners do not pay by song that they listen to. »»

The Union of Musicians and Allied Workers (UMAW) called for Spotify to compensate for artists fairly, in particular independent and smaller artists who find it difficult to earn their living. Congresswomen Rashida Tlaib and the member of the Jamaal Bowman Congress last year Living salting for musicians In partnership with Umaw, detailing a proposal that aims to increase streaming royalties for musicians to one penny by flow.

“It is easy to calculate what Spotify pays directly to the registration of artists: $ 0,” said a UMAW spokesperson in a techcrunch press release.

“There is no direct payment for the registration of artists by Spotify, because the company affirms that its way of streaming does not fall under regulation or existing requirement of direct payments to musicians – unlike other digital platforms such as satellite radio, internet dissemination or non -interactive ”, who directly pay registration artists. This must change, of course. Umaw supports the living salary for musicians to fill this flaw and make streaming musicians who create the contents of Spotify and other platforms pay, “said the statement.

The Spotify report boasts that its payments are improving, despite the concerns of the industry.

The report reveals that the number of artists generating royalties has tripled since 2017. Ten years ago, the best spotify artist earned just over $ 5 million, while today, more than 200 artists have exceeded this important stage.

In the past decade, the 10,000th artist at 10,000th on Spotify has seen their royalties increase nearly $ 34,000 to $ 34,000 to $ 131,000, while the artist classified 100,000 saw their fees generated multiply by more than 10x – from less than $ 600 in 2014 to almost $ 6,000 in 2024.

In addition, the company revealed that nearly 1,500 artists had generated more than a million dollars in Spotify fees only last year. Spotify notes that 80% of these artists did not have a song to reach the graphic of the Spotify Global Daily Top 50 in 2024, which means that many of them are not familiar names.

Spotify also shared that artists who generated at least $ 100,000 in royalties recorded music in more than 50 languages ​​in 2024, while the artists who generated at least $ 1 million on Spotify recorded music in 17 different languages.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *