I’ve been using Spotify for years as both a listener and a musician, although I’m firmly in the Apple Music camp these days. That dedication is only cemented further after Spotify’s latest announcement to changes to its streaming payments to musicians.
It seems that for tracks with fewer than 1000 plays per year, Spotify will take any unpaid streaming royalties for those tracks and redistribute them to major record labels (or, ostensibly, to all the other users on the platform who have tracks with 1000 plays or more).
That’s straight-up theft. Spotify already pays abysmally low—something like $0.0011 per stream. Put another way, a track has to be streamed about nine or ten times to make a penny. I’m already not paid if a track is only streamed once in that particular time period, because Spotify doesn’t send royalties below $0.01. I typically have about four or five monthly Spotify listeners (averaging seven at the time of writing—woot!), which comes out to a few cents every month—maybe.
“Well, Port, who cares? You’re losing a few cents a year.” That’s one to look at it. The other, correct way is to view it as theft of my royalties for my music. Stealing ten cents is still stealing—it doesn’t make it right.
Read More »