March 18, 2021 01:00 pm
Original Link: https://www.theverge.com/2021/3/18/22336087/spotify-loud-clear-website-launch-pay-artists-streaming-royalities
Spotify says over 13,000 artists catalogs earned at least $50K in royalties last year
Musicians aren’t thrilled with Spotify — they say the streaming platform undervalues their work and they deserve to be paid more per stream. So today, Spotify’s trying to address those concerns with a new website called Loud & Clear, which offers more insight into how much the platform pays artists and how that money is distributed. The site also includes a calculator so artists can see where their work ranks on Spotify, like how a song with 100,000 all-time streams would only be in the top 2,710,000 tracks on the platform.
Notably, the company says it’s paid over $23 billion in royalties to rights holders, including over $5 billion in 2020, which is up from $3.3 billion in 2017. It also notes that there are 1.2 million artists with over...
Original Link: https://www.theverge.com/2021/3/18/22336087/spotify-loud-clear-website-launch-pay-artists-streaming-royalities
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