(Stockholm) The world’s number one audio platform Spotify will change its method of remuneration for artists in 2024, by introducing a minimum number of plays to open the right to remuneration, it announced on Tuesday.
Spotify’s compensation system will evolve to meet three imperatives: “further discourage streaming artificial, better distribute the small payments that do not reach artists, and put a brake on those who try to game the system” by focusing on non-musical “noises”, he explains on his website intended for artists .
By addressing each of these issues, Spotify estimates it can generate approximately $1 billion in additional revenue for “emerging and professional artists over the next five years.”
From the beginning of 2024, the platform will introduce a minimum of 1000 listens over 12 months to be able to generate a payment.
Spotify explains that below this threshold, the titles currently generate on average $0.03 per month and are not affected by the rights holders while in total they represent a sum of 40 million dollars.
“We will simply use these tens of millions of dollars per year to increase payments to eligible securities,” the platform says.
In his fight against streaming artificial, generated by robots in particular, Spotify announces that it will “invoice labels and distributors for each title when a streaming blatant artificiality will be detected on their content.
The amount of this withholding was not specified.
At the start of 2023, a first global study on the subject estimated that between 1% and 3% of online listening was false, according to 2021 data in France from the National Music Center (CNM).
Third evolution of its method of remuneration, Spotify will raise its conditions for the payment of royalties on listening to non-musical “noises” (animal sounds, nature sounds, etc.).
Titles of this type of noise must have a duration of at least two minutes and Spotify will discuss with the holders of these rights “to value the noise streams at a fraction of the value of the music streams”.
“It’s just the beginning,” said the boss of the music distribution platform Stem, Kristin Graziani, at the beginning of November about the changes planned by Spotify, while judging that they were “not in the right direction.” good direction “.