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Spotify’s Music-Audiobook Bundle Means a Lower Royalty Rate for U.S. Songwriters, but Company Promises Record Payouts
Spotify’s music and audiobooks bundle will mean lower royalties for songwriters, but the company claims earnings for creators will continue to rise.
As our industry partners are aware, changes in our product portfolio mean that we are paying out in different ways based on terms agreed to by both streaming services and publishers,” the statement reads. Spotify unpacks details on the nearly $4 billion it has paid to music publishers representing songwriters over the past two years in the “ Loud and Clear” section of its website. The company faces a similar royalty challenge in books as it does in music, and only collects additional revenue from listeners who exceed the 15-hour limit.
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