Spotify He has created a new website for musicians that addresses questions about how he pays his bidding fees. Loud & Clear The platform, named, was launched following a series of protests organized by the artists.
Recently in 31 different cities around the world Justice on Spotify campaign was launched. Musicians and Allied Workers Union (The Union of Musicians and Allied Workers) emphasized that the application should draw a more transparent copyright policy; Finally, the streaming service responded to this issue. The website about Spotify’s payment system shed light on some important questions behind the scenes.
How much does Spotify pay musicians?
“Spotify shared on YouTube”How Does Money Flow?The video titled “, Loud & Clear It contains the prominent data of the website named. Here are a few charts that describe how many different income models cover artists. According to the data on Spotify 870 artists From digital music publishing in 2020 More than $ 1 million income achieved.
In addition, in the same reports, the platform More than $ 50k in royalties the number of winning artists has increased by 80 percent in four years expressed. In 2017, these figures were only 7.300 iken, 2020’de Rose to 13,400 emphasized.
Spotify vice president Charlie Hellman also did not hesitate to share the issues related to the reports with his followers. While saying that the platform has invested in a more interesting consumer experience in recent years; with better programming, launches in new countries and diverse investments that the pie will grow for everyone he touched on. Emphasizing that when their own income increases, this also affects the income of the artists, User experience He stated that the more they develop in their subject, the more musicians will be positively affected.
Charlie Hellman, Spotify’s later years to offer more transparency underlined his aim. Stating that since the first day he came to the company, artist payments and copyright issues have become one of the daily issues; He shared that everyone needs more clarity about how the music economy works. He stated that the company will provide this with Loud & Clear and that the ice between them and the singers will melt.
Finally, the company explained in high font size that these royalties do not go directly to the artists. Your proceeds are not directly to the commentator or songwriter. to beneficiariesSo it was said that it went to the producers. He announced to the public that the shares that the artists will receive from this may differ from agreement to agreement.