this post was submitted on 09 May 2024
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After announcing increased prices, Spotify to Pay Songwriters About $150 Million Less Next Year (www.billboard.com)
submitted 2 years ago by fpslem@lemmy.world to c/technology@lemmy.world
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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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[–] Bishma@discuss.tchncs.de 1 points 2 years ago

All the streamers suck; plus Spotify definitely sucks the most and it has the most subscribers. So I do my best to support artists I love by buying their albums in some physical form (vinyl if possible because it encourages active listening), t-shirts when I need a t-shirt, fan clubs, etc. It's all I can think to do.