Spotify's Updated Royalty Model: Winners and Losers Revealed
Spotify confirms its new royalty model, which includes demonetizing low-played tracks, charging fees for streaming fraud, and monetizing "noise" tracks after two minutes of listening. The company argues that these changes will generate an additional $1 billion in revenue for emerging and professional artists over the next five years. Meanwhile, Spotify is reportedly looking for a new ad agency as it reduces marketing spend. In other news, Pushkin Industries, co-founded by Malcolm Gladwell, has seen multiple layoffs and leadership changes, leading to its employees unionizing with the Writers Guild of America, East.