The launch of Spotify’s Artist website will help dispel the myths surrounding streaming technology, the Music Manager Forum (MMF) and Featured Artist Coalition (FAC) has said.
Spotify’s new website has been created to help the streaming service provide more transparency on how it collects and distributes royalties to rights holders.
Streaming has been the subject of much debate over the last year with artists such as Atoms for Peace's Thom Yorke and Nigel Gorich attacking Spotify, saying it is ‘bad for music’.
Mark Kelly, FAC co-chief executive officer, said: ‘Streaming services have been restricted in sharing this data with artists in the past which has meant that many artists have been critical without fully understanding how streaming works and pays out.
‘This is a big step in the right direction which will hopefully lead to a more informed discussion about streaming and what it means for artists.’
Crispin Hunt, FAC co-CEO, added: ‘This is just the kind of information artists needed from Spotify. It will better enable the FAC to help creators negotiate a commensurate share of future income from all streaming services. We look forward to continuing our conversations with Spotify to create further clarity.’
Spotify’s new website reveals that rights holders receive an average of $0.007 per stream.
Read the full story on M
Spotify’s new website has been created to help the streaming service provide more transparency on how it collects and distributes royalties to rights holders.
Streaming has been the subject of much debate over the last year with artists such as Atoms for Peace's Thom Yorke and Nigel Gorich attacking Spotify, saying it is ‘bad for music’.
Mark Kelly, FAC co-chief executive officer, said: ‘Streaming services have been restricted in sharing this data with artists in the past which has meant that many artists have been critical without fully understanding how streaming works and pays out.
‘This is a big step in the right direction which will hopefully lead to a more informed discussion about streaming and what it means for artists.’
Crispin Hunt, FAC co-CEO, added: ‘This is just the kind of information artists needed from Spotify. It will better enable the FAC to help creators negotiate a commensurate share of future income from all streaming services. We look forward to continuing our conversations with Spotify to create further clarity.’
Spotify’s new website reveals that rights holders receive an average of $0.007 per stream.
Read the full story on M
