Spotify plans to discontinue payments for streaming small artists’ songs, according to Music Business Worldwide’s Tim Ingham. The streaming service will implement new minimum thresholds for plays before artists can start earning royalties on their music.
Small musicians are not significant on Spotify.
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Spotify will only begin paying artists once a track has reached 1000 streams, starting from the first quarter of 2024, as reported by Music Business Worldwide.
This adjustment aims to reduce earnings for tracks that typically make less than five cents per month, potentially saving the company $40 million.
Denis Ladegaillerie, the CEO of Believe, the company that owns TuneCore, a digital music distribution service, discussed in an interview on the Music Business Worldwide podcast.
Why wouldn’t you compensate an artist of this caliber for receiving fewer than 1,000 streams? It is illogical.
Spotify’s focus on big and popular artists suggests a lack of support for emerging talents to thrive on its platform. Share your thoughts on this situation below.
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