Dustin Boyer’s Post [Video]

Transcript

There is massive Spotify news that just dropped yesterday that I cannot wait to share with you, especially if you're an artist. This is really important for you to hear. Spotify is making three changes to the way that they're paying artists. Two of them are really like one, which I'll talk about at the end, is kind of controversial. I think it's a lot to go over, so I'm just going to jump right in. First, Spotify is going to introduce a minimum amount of streams that a song has to stream in a month before it gets paid out on royalties. I know in the surface this sounds like not a great thing. But it's 4 tracks that are producing less than five cents in royalties in any given month, and so the amount of streams that it needs in a month is between 20 and 100, A seriously low number. But here's the real benefit. Most of those five cent streams are being paid out to individual artists through distributors who have minimum thresholds already. Which means that there's $10 million in a year that's just sitting in the bank accounts of distributors that'll never get paid out. It's better that that money goes to artists. That are actually going to see it, the second one, and this is my favorite because if you know me, I've talked about this before, it's going to increase the amount of time that a noise track needs in order to get paid out. So right now all tracks on Spotify get paid out if it's streamed for more than 30 seconds. But what happens is that there are labels who are putting out noise playlists that people listen to at night. They're all 31 seconds and that's getting paid the same amount that your song is getting paid and that's ********. They haven't released the number, but people are saying it's going to be anywhere between 3:00 and 4:00 minutes. This is seriously going to increase the amount of money in the pool paid out to legitimate artists. Finally, and this is the controversial one, they are going to start penalizing distributors when their artist bought and fraudulently produced streams on their platform. Now this seems like a good thing on the surface, but here's the problem. It doesn't actually fix the botting problem. It just passes the buck. Over to distributors to handle and let's be real, how is CD Baby going to police artists not to bought their music? Sounds like a really impossible task and a way for Spotify to just not have to deal with it. Really curious what you guys think. Some of these changes I think are really exciting though. It's going to unlock a ton of money for artists.