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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@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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[–] GeneralVincent@lemmy.world 3 points 6 months ago (1 children)

I believe tidal actually has a larger library than Spotify, and offers a tier that lets you listen to higher quality of music. Similar pricing to Spotify I think. I had it for a while and really liked it, only stopped paying for it because I'm broke so I'm sailing the seas for now

[–] arandomthought@sh.itjust.works 1 points 6 months ago

Thank you for sharing your experience and may the winds blow ever in your favor! Ahoy!