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Why Spotify’s Latest Price Hike Means a Lower Royalty Rate for U.S. Songwriters
Why Spotify's latest price increase for premium will mean lower royalty rates for U.S. songwriters.
Last week, Bloomberg reported that Spotify will be raising prices for its premium subscription in five markets later this month and do the same in the United States at an unspecified time later this year. For about $1 to $2 extra per month, depending on the market, premium users will receive audiobooks alongside podcasts and ad-free music listening in their subscription — but the change will have a knock-on effect for mechanical royalty rates for songwriters and publishers. Multiple DSPs have long paid a lower rate for bundles versus a standalone music subscription, and our approach is consistent,” the company added.
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