Spotify changing how it pays artists starting in 2024

Spotify is planning to make significant changes to its royalty payout model in Q1 2024 – with the intent to move USD $1 billion in royalty payments over the next five years to ‘legitimate’ artists and rightsholders. Spotify has been discussing details of its blueprint for the new royalty model with various music rightsholders in recent weeks.

Source: Spotify is changing its royalty model to crush streaming fraud and introduce a minimum payment threshold. Its plan? To shift $1 billion in payouts towards ‘working artists’ over the next 5 years.