for streams on its premium tiers — and the music business isn’t accepting the change without a fight. Spotify says that by adding audiobooks to its premium offerings, these subscriptions have been reclassified as “bundles,” a type of plan that qualifies for a discounted rate on U.S. mechanical royalties given that multiple products are offered under one price tag.
In response, a number of music organizations, including the Recording Academy, Association of Independent Music Publishers , Nashville Songwriters’ Association International and more have made statements against the change. The NMPA was most vocal in condemning the move, calling it the end of “a period of relative peace” between the two parties., saying that the premium tiers have been “improperly characterized” as bundles and that Spotify should revert to the previous rate structure.
jointly announced a voluntary settlement to set the rates for Phonorecords IV, the U.S. mechanical royalty rate for 2023-2027. It included the highest headline rate in history, a win for the music business, but it also included a concession to streaming services, allowing them to pay a lower rate for bundling services.Spotify begins to roll out 15 hours of free audiobook listeningMarch marks the first month that Spotify accounted to pay a discounted “bundle” rate for premium, duo and family plans.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: billboard - 🏆 112. / 63 Read more »
Source: billboard - 🏆 112. / 63 Read more »