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23 Nov 2023

$1B

What Spotify's Royalty Model Revision Will Generate for Artists Over Five Years

Music streaming platform Spotify is changing its royalty system to direct more funds to popular artists and record labels. The company announced that the updates will generate $1 billion over five years for both new and renowned artists. The new model involves heightened minimum payment thresholds, deterrence of artificial streaming, improved payment distribution, and crackdown on manipulation attempts. [Source](https://techcrunch.com/2023/11/21/spotify-upcoming-royalty-model-changes-generate-1b-artists-over-five-years/?guccounter=1)