As you may remember, music streaming platform Spotify opposed new payment regulations in some regions. The platform made statements that payments made under the new regulations would lead the company to bankruptcy. Here are the details of the disputes between Spotify and Uruguay…
Spotify announced that it will withdraw from Uruguay!
The payment system in question has been a sticking point between Spotify and the artists who share their works on the platform for years. Regarding the issue, the Uruguayan Government wants to make a regulation with a draft law that aims to find a middle ground. However, in response, Spotify announced that it would decide to withdraw from the country.
In October, the Uruguayan government voted on a budget bill supported by two scientific papers on media coverage. Article 284 says social media and the internet will be added “as formats in which the artist is entitled to receive financial remuneration in the event of a song being reproduced.” Article 285 states that the “right to receive fair and equal remuneration” article will be added to the copyright law. In terms of fees, these articles include writers, composers, performers, directors and screenwriters.
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In response to this bill, Spotify announced a new bill in which it requested some changes and regulations. In this statement, it was stated that the company currently pays 70 percent of its revenues from a music publication to the record companies and publishers who own the music rights, represent and pay artists and songwriters. For this reason, the platform wants the government to make a statement about who will pay the “additional expenses and payments”.
If, as a result of this statement, it is decided to impose additional costs on Spotify, the platform states that it will gradually withdraw from Uruguay and will cease all commercial activities after a while. He stated that if the company continues its activities instead of withdrawing, either the burden on the artists will increase or the company will go bankrupt. There was no statement from the Uruguayan Government regarding the issue. The process is expected to become clear in the coming days.