December 25, 2023
In a move that has sparked controversy and raised concerns among artists, Spotify, the popular music streaming platform, has announced significant changes to its royalty model starting in 2024. These changes have been confirmed by reputable sources in the music industry, and they have far-reaching implications for artists of all sizes. This article aims to provide a comprehensive overview of Spotify's new royalty model, its impact on artists, and the rationale behind these changes.