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Spotify set to revamp royalty model
Two proposed changes are relatively uncontroversial
Spotify plans to fine music distributors for fraud on their tracks and increase the minimum playtime for noise tracks before they earn royalties.
The most contentious change introduces a minimum annual stream threshold before royalties are disbursed. Tracks must generate around 200 streams annually, equivalent to 5 cents per month, to qualify for payment. This may redirect earnings from smaller artists to Spotify’s “streamshare” pool.
This shift in strategy echoes industry-wide efforts to revise royalty models. Spotify’s dominance makes its actions influential in this regard.
Critics argue that this approach disadvantages smaller artists and parallels a “reverse Robin Hood” scenario, benefiting established artists at the expense of indie musicians.
The potential impact on DIY artists and platforms like Tunecore, DistroKid, and CD Baby is a point of concern.
Notably, Spotify has not yet confirmed these changes, and a spokesperson stated, “We do not have any news to share at this time.”
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December rate cut all but locked in
Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews
Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews
Australia’s economy is losing steam, with weak consumer confidence, falling job ads, and a struggling construction sector, a December rate cut now seems inevitable. But it won’t be a win, it’ll be a warning.
#RBA #InterestRates #AustraliaEconomy #Inflation #Growth #Recession #FinanceNews #CPI #Economy #RateCut
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Meta and Amazon signal ‘AI efficiency era’
Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.
Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.
The AI boom is shifting gears, Meta and Amazon are cutting jobs to boost automation, profitability, and focus.
Analysts say this marks the dawn of an AI discipline era.
#AI #Meta #Amazon #BradGastwirth #BigTech #Automation #TechJobs #AIRevolution #EfficiencyEra #FutureOfWork
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Trump signals trade deal with China nearing
Trump claims a China trade deal is nearing completion amid new agreements across Asia.
Trump claims a China trade deal is nearing completion amid new agreements across Asia.
President Donald Trump says a trade deal with China is close as he finalises new agreements across Asia.
Talks with Xi Jinping are expected to deliver key breakthroughs in trade and diplomacy.
#Trump #China #TradeDeal #USAsia #XiJinping #Economy #Diplomacy #TradeTalks #WhiteHouse #GlobalMarkets
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