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Spotify have launched a new feature called 'Only You', which, like the end of year 'Wrapped', offers users personalized content based on listening habits.
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Spotify faced the music on Monday (March 15) as creators around the globe gathered to protest the streaming giant’s royalties model.
The Sweden-based tech firm and its rivals have come under increasing scrutiny in recent months for their top-heavy remuneration systems, despite reporting billions in revenue each quarter.
Those concerns were at the heart of a U.K. parliamentary inquiry, announced late last year to examine what economic impact music streaming is having on artists, record labels and “the sustainability of the wider music industry.” More than 150 pieces of written evidence were submitted into the “economics of music streaming inquiry, and published in January.
Demonstrations have been held outside Spotify offices worldwide, as musicians demand increased royalties and transparency from the streaming platform.
Earlier this week (15th), artists and other workers in the music industry, organized by The United Musicians and Allied Workers Union UMAW, participated in demonstrations at Spotify offices across the globe. It follows the launch of the Justice at Spotify campaign in October last year, demanding that Spotify raise its streaming average for artist payments, as well as making other changes to the streaming platform’s business model.
The demonstrations took place in Europe, as well as in Asia, Australia, Europe, the U.S., and Central and South America, with the UMAW also stating that the entire live music ecosystem in jeopardy due to the coronavirus pandemic and that artists and music industry workers are more reliant on streaming income than ever .