Spotify’s new website promises ‘more clarity’ on streaming economy
Posted on: 18 mars 2021, by : Stuart Dredge

Did you know that the top 500 artists on Spotify last year generated around $1.85bn in royalties from the streaming service – 37% of its overall payouts?
Or did you know that the 286,000 DIY artists releasing through distributors generated $1.17bn of Spotify royalties last year – around 23.5% of the total?
You do now. These are just a couple of the calculations that people (alright, digital music nerds like us) are going to be doing today, following the launch of Spotify’s new website Loud & Clear.
The company isn’t explicitly describing it as a defence of music streaming, but given the recent upsurge in debate about musicians and streaming royalties – not to mention the UK’s parliamentary inquiry focusing on the streaming economy – the timing is no accident.
“We absolutely think that artists deserve to have more clarity on how the music streaming economy is working,” is how Charlie Hellman, VP and head of marketplace at Spotify, explained it to Music Ally in an interview ahead of the site’s launch today.
The post Spotify’s new website promises ‘more clarity’ on streaming economy appeared first on Music Ally.
Source: Music ally

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