Music giant Spotify will save large amounts of money while blocking those who want to make easy money from the platform.
One of the world’s largest music platforms Spotify, is frequently on our agenda as it adds new features to its platform. Unfortunately, the platform, which also brings audio books to its platform, has recently come across with unsatisfactory news. The subscription prices of the platform, which is revealed to bring new payment plans, are also subject to change. will give a raise had emerged.
This raise decision, which covers 5 regions, is the place where the company is strongest. Even including the USA Thinking that there will be no increase in prices in Türkiye sounds too optimistic. Current developments are sad for small-time artists. On the other hand, it could save Spotify huge amounts of money.
No money will be earned from songs with less than 1,000 streams.
Spotify
This decision, which came into force as of April, white noise and nature sounds It was put forward against those who want to make easy money by uploading. Tens of millions of songs have averaged between 1 and 1,000 streams, generating $0.03 per month over the past year, the company said.
According to Spotify, many distributors as low as 2 dollars It costs between 2 and 50 dollars. Bank transaction fees range from $1 to $20 per withdrawal. So small shots like these are always harmful.
These small amounts at the end of the year 40 million dollars It is said that it can reach gigantic sizes. Our music giant Spotify will direct this amount to the pool it reserves for other songs with over 1,000 streams. In this way, he will save money. Songs that reach 1,000 streams in 12 months will be able to earn money again.
What are your thoughts on this change?
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