Spotify's Music-Audiobook Bundle Means a Lower Royalty Rate for U.S. Songwriters, but Company Promises Record Payouts [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
“Spotify is on track to pay publishers and societies more in 2024 than in 2023. As our industry partners are aware, changes in our product portfolio mean that we are paying out in different ways based on terms agreed to by both streaming services and publishers,” the statement reads. “Multiple DSPs have long paid a lower rate for bundles versus a stand-alone music subscription, and our approach is consistent.” The final sentence is in reference to plans offered by Amazon — which offers its music streaming as part of its Prime service — Apple and others. Spotify unpacks details on the nearly $4 billion it has paid to music publishers representing songwriters over the past two years in the “ Loud and Clear” section of its website More from Variety Takedown Fails: Artists Are Seeing Their Music Removed From DSPs for Streaming Fraud They Didn't Commit Spotify Launches Test of AI-Generated Playlists Based on Text Prompts Like 'Sad Music for Painting Dying Flowers,' Will Block 'O
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/1/24 - Form PX14A6G
- 5/1/24 - Form 10-Q
- 4/30/24 - Form 8-K
- AMZN's page on the SEC website