Spotify plans to change how it pays artists starting in 2024. A new 1,000 stream minimum for royalties has sparked backlash. We look at whether independent musicians should diversify away from reliance on Spotify.
Streaming's New Beat: The Rise and Debate of the 'Artist-Centric' Payment Model
UMG and Deezer introduced a new "artist-centric" payment model for streaming, gaining traction with Wagram Music's endorsement. While some laud the model for its potential to revolutionize payouts, others stress the importance of inclusivity, transparency, and support for emerging artists. Proposals include subsidizing new artists through top earners, a flat fee for track uploads, anti-fraud measures, and continuous price adjustments. The challenge lies in balancing fairness, genuine music content, and industry growth.