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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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[–] supersquirrel@sopuli.xyz 4 points 6 months ago* (last edited 6 months ago)

🤷‍♂️ not really, none of these corporations are real in any sense that matters other than sucking up actual companies that actually make the world a better place and mining the goodwill out of them until they are cynical, worthless husks that corporations use to fleece consumers into buying products from before they realize their favorite company/brand is dead in everything but name.