Spotify’s voluminous submission is decidedly light on mentions of inflation – meaning the DSPs don’t appear to be on board with the annual inflation adjustments sought by Word Collections, the Songwriters Guild of America, and others. But they are adamant that Phono IV’s bundling provision, which, in brief, enables them to unilaterally reclassify multi-product subscriptions as bundles and reap massive mechanicals savings, has been an unmitigated success.
