When Bloomberg reported that Spotify would be upping the cost of its premium subscription from $9.99 to $10.99, and including 15 hours of audiobooks per month in the U.S., the change sounded like a win for songwriters and publishers. Higher subscription prices typically equate to a bump in U.S. mechanical royalties — but not this time.
By adding audiobooks into Spotify’s premium tier, the streaming service now claims it qualifies to pay a discounted “bundle” rate to songwriters for premium streams, given Spotify now has to pay licensing for both books and music from the same price tag — which will only be a dollar higher than when music was the only premium offering. Additionally, Spotify will reclassify its duo and family subscription plans as bundles as well.
Not sure if this is exactly good news, but Epic Games doesn’t own it anymore, it was sold to Songtradr.
the largest music licensing platform in the world
Doesn’t sound too good to me. Bandcamp used to be where I could get music from smaller artists who couldn’t afford clearing samples (as they weren’t making money) and I worry a lot of that will be lost.
Still is, for now. I run a small vaporwave tape label via Bandcamp. No significant changes under Epic Games or Songtradr that I’ve noticed. That could change, though.
It will change, I promise you. I am so confident I will literally bet my girlfriend’s chihuahua on it.
better hope lefties and artists get their shit together you tiny little monster
That’s how it always begins.
But on a more positive note, care to share the label or more about your experience about it? With regards to Bandcamp and more generally.
🤷♂️ not really, none of these corporations are real in any sense that matters other than sucking up actual companies that actually make the world a better place and mining the goodwill out of them until they are cynical, worthless husks that corporations use to fleece consumers into buying products from before they realize their favorite company/brand is dead in everything but name.
As bad as Epic is, probably worse…
Even though Bandcamp was profitable the new CEO said this after buying it
the financial state of Bandcamp has not been healthy
So they’re probably looking for any way to cut costs. They fired half of the staff on day 1, including anyone who tried to unionize
