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After announcing increased prices, Spotify to Pay Songwriters About $150 Million Less Next Year (www.billboard.com)

submitted 6 months ago by fpslem to c/technology

379 comments fedilink hide all child comments

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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[–] [email protected] 4 points 5 months ago (2 children)

I wouldn't assume a corporation is a moral entity, Spotify's only goal is to maximise profit. Maybe it's a problem of our economic system or regulations around monopolies.

[–] exanime 2 points 5 months ago

I don't think it's about assuming anything... it's about not burdening the consumer with regulating industry when it is clearly impossible to do so.

OP (of this thread) pitches Apple as an alternative... do you want to help artist a tad while also assisting a multi billion dollar company to continue to squash any possible ownership and right-to-repair chance the consumers has?...

There isn't ONE large corporation that has not shown they would kill people if that made them money... so no, the consumer cannot, in practice, "vote with their wallet" into forcing any corporation anywhere near an ethics "green ground"

[–] [email protected] 1 points 5 months ago* (last edited 5 months ago) (1 children)

It's worth noting though, that Spotify has been bleeding money since the start. I know they may be wasting a lot of money on side hustles but still. They're not raking home any money. The only way the founders got rich is by the overinflated stock price.

E: typo

[–] [email protected] 1 points 5 months ago

I think they actually just started making a profit.