Spotify to Update Streamshare Model to Boost Working Artist Payouts

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Spotify plans to update its streamshare model in order to boost payouts for working artists.

Starting in Q1 2024, Spotify will make three key changes to how it pays out uploaders.

Spotify doesn’t exactly have a sterling reputation when it comes to supporting the artists and curators who use it. Come 2024, the global streaming platform du jour will take a step toward changing that. In the first quarter of the new year, it will make changes to its streamshare model intended to increase the share of streams paid out to working artists.

The means to this end is threefold. Citing sources familiar with Spotify’s plans, Music Business Worldwide reports that, firstly, the service will impose a threshold of minimum…