#majors — Public Fediverse posts

#Music #Streaming #Spotify #UMG #Sony #WMG #Majors #Royalties #Copyright: "Conversations have been going on for weeks with the major record labels, Universal Music Group, Sony Music Entertainment and Warner Music Group, as well as independent labels and distributors, sources say. While the new royalty system will keep its existing pro-rata model, it introduces new floors that will grow the pool for more established artists and rights holders.

The changes to Spotify’s royalty model, which were first reported by Music Business Worldwide, include:

- A new threshold of minimum annual streams that a track must meet before it starts to generate royalties. The threshold, according to MBW, will de-monetize tracks that had previously received 0.5% of Spotify’s royalty pool.

- Financial penalties for music distributors and labels when fraudulent activity on tracks they have uploaded to Spotify has been detected.

- A minimum play-time length that non-music noise tracks, such as bird sounds or white noise, must reach to generate royalties.

The specific benchmarks of these changes and how financial penalties will be calculated or implemented are currently unclear."

https://www.billboard.com/pro/spotify-changing-how-pays-artists-stream-thresholds/