The Music Business Worldwide is reporting that Spotify plans to make significant changes to its royalty payment model starting in Q1 2024, with the goal of moving approximately US$1 billion in royalty payments to artists over the next five years.
Spotify has been discussing the new royalty model with music rightsholders. According to MBW, the streaming giant is trying to address royalty pools that currently prevent money from reaching independent artists.
The three main changes proposed by Spotify are:
- A minimum annual stream limit before a track starts generating royalties
- Penalties for music distributors when fraud is…
