13: Spotify Update For Q1 2024

Learn the 5 companies you have to register your music with in this e-book: Music Royalties Demystified Summary In this episode, host Jermaine Harris discusses Spotify’s upcoming changes to its royalty payout model. The company aims to pay out $1 billion to legitimate artists and rights holders over the next five years. Three significant changes are highlighted. First, starting in 2024, tracks will need to maintain a minimum amount of annual streams to generate royalties, differing from the current model where any stream over 30 seconds earns a payment. The impact of this shift remains to be seen. Second, there will be penalties for distributors and labels when fraudulent activity is detected on tracks they’ve uploaded, potentially leaving room for abuse. Finally, there will be a change to the minimum playtime for non-music tracks, aiming to redirect royalties towards traditional music and musicians. The episode raises concerns about potential loopholes and challenges in proving innocence in the event of fraudulent activity. Interested in connecting with Jermaine? Email: [email protected] Website: Breve Music Studios Social Media YouTube: Breve Music Studios Facebook: Breve Music Studios Twitter: Breve Music Studios Instagram: Breve Music Studios Tumblr: Breve Music Studios Follow our ensembles on Spotify (or your favorite streaming platform) Breve Orchestra: Spotify Breve Low Brass Ensemble: Spotify Breve Music Ensemble: Spotify Breve Woodwind Ensemble: Spotify Breve Brass Ensemble: Spotify Breve Wind Ensemble: Spotify Equipment: HyperX QuadCast (LINK): https://amzn.to/3QynddK Beyerdynamic DT 770 Pro 80 Ohm (LINK): https://amzn.to/445hYoK