Spotify is set to overhaul how it pays artists, implementing a significant change in its royalty model starting in early 2024.
The core of this change is the introduction of a minimum stream threshold for artist payments. Specifically, tracks will need to achieve at least 1,000 streams within a 12-month period to earn royalties.
This change in Spotify’s payment structure comes amidst ongoing discussions in the music industry about fair compensation for artists from streaming platforms. Historically, Spotify has been considered one of the platforms that pay artists less per stream, offering around $0.0033 per…
