Spotify to Pay Songwriters About $150 Million Less Next Year With Premium, Duo, Family Plan Changes [Yahoo! Finance]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Yahoo! Finance
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. More from Billboard Why Spotify's Latest Price Hike Means a Lower Royalty Rate for U.S. Songwriters Spotify Gross Profits Top $1B, Revenues Jump 20% in Quarterly Earnings Taylor Swift's 'Tortured Poets' First Album in Spotify's History With 300M Streams in Single Day To determine how great this loss in royalty value would be for the music business, Billboard cal
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SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 5/17/24 - Form 144
- 4/29/24 - Form 144
- 4/26/24 - Form 144/A
- SPOT's page on the SEC website