44: Spotify Price 2024 Increases

Learn the 5 companies you have to register your music with in this e-book: Music Royalties DemystifiedSummaryIn the Breve Music Podcast, host Jermaine Harris discusses Spotify’s recent price increases. The solo plan is going up by $1 a month, the duo plan by $2, and the family plan by $3. While he prefers that prices wouldn’t rise, Jermaine hopes these changes will benefit writers, artists, and music rights holders in the long run. He explores the idea that Spotify aims to reduce costs to reinvest in its growth, potentially affecting artist payouts. If artists earn less, it could impact Spotify’s future relevance. He speculates on potential shifts towards artist exclusivity with platforms like Spotify or Apple Music and questions the monetization of podcasts and audiobooks for smaller creators. As Spotify focuses on cost-cutting, promoting podcasts could be beneficial since they don’t require royalties per stream, unlike music.