Re:Justice at Spotify
by capableweb on Tuesday March 16, 2021 @10:25AM
(#26477078)
I seem to understand that they want "a penny per stream" to go to the actual artists, which sometimes are not the royalty holders. So paying out less to the royalty holders and more to the artists sound like it could work.
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So the artists have a contract with the record labels to share revenue. How is it possible for Spotify to decide to split that revenue differently? Or is the demand to increase payout to the point that artists make $0.01 per stream?
Re:Justice at Spotify
by capableweb on Tuesday March 16, 2021 @12:12PM
(#26478743)
I assume Spotify has agreements with the record labels about how much the royalty owner gets for each stream. Spotify could argue to change that so it's now 50/50 between the royalty holder and the artist.
Depending on how much leverage Spotify actually has here, they can of course try to change the existing agreements they have. Nothing in impossible and harder things have changed before.
Re:Justice at Spotify
by baobabKoodaa on Tuesday March 16, 2021 @07:04PM
(#26484368)
That's not how any of this works. The split between artist and record company is defined in a contract that Spotify is not a party to.