Spotify will not be offering penny per stream royalties to artists
In the wake of massive global protests by artist rights advocates at the company’s many offices, it appears Spotify is still unwilling to offer the much demanded ‘penny per stream’ royalty increase to artists.
Guest post by
James Shotwell of Haulix
Following massive global protests at the company’s many offices, Spotify has responded to demands that they make a significant increase to their per-stream royalty payments.
Artists everywhere rely on streaming revenue to pay their bills. That is more true now than at any other point in time. With touring still on hold for most of the world, streaming revenue makes up the bulk share of an artist’s earnings from recorded music. Demand for higher royalty rates will probably always exist, but recently, one such demand actually received a response from the leading music streaming service.