UMG says it's “patently false" that it took below-market rates in return for a stake in Spotify, but a judge says it wouldn't legally matter if they had.
The streamer's global head of music, Jeremy Erlich, breaks down the company's merch plans in 2024 and beyond.
The change is part of the platform's effort to free up "extra money ... for honest, hard working artists."
Spotify reps say its three-pronged policy "can drive approximately an additional $1 billion in revenue toward emerging and professional artists."
Here’s a full breakdown of the plan, based on Billboard’s reporting, including streaming thresholds, fraud fees and minimum track lengths.
"Without clarity on the changes to music copyright laws," a spokesperson said, "Spotify will unfortunately begin to phase out its service."
Users in the UK and US can test out the feature today The post
While Spotify is just now moving towards a penalty system, Apple quietly started making "financial adjustments" for repeat fraudsters more than a year ago.
Labels and distributors will be charged 10 euros per song when Spotify determines the overwhelming majority of plays on a track are artificial.
The app's new feature allows users to save a track they discover on TikTok to their preferred streaming service with a few clicks.
