National Music Publishers’ Association (NMPA) head David Israelite just recently emphasized the stat, “one of the craziest” he’s seen, in a LinkedIn post. By now, many are aware of Spotify’s audiobook-bundling embrace, which is fueling significant royalty effects in the music world. And to put it mildly, the situation isn’t sitting right with songwriters and publishers.
Source: Spotify CEO Daniel Ek Made More From Stock Sales Last Year Than All US-Based Songwriters Combined