Generation Silenced : Spotify's New Royalty Threshold
“Starting in early 2024, tracks must have reached at least 1,000 streams in the previous 12 months in order to generate recorded royalties.”
Spotify clearly wants to downplay the negative impact of its new royalty threshold, explaining, “99.5% of all streams are of tracks that have at least 1,000 annual streams”. In reality though, and this is according to Spotify’s own data, in 2022, the number of tracks on its platform that had been streamed less than 1,000 times was 47.7 million. With that in mind, when we consider how many more tracks are likely to fall short of Spotify’s new royalty threshold, the number of artists that will be financially disenfranchised is massive.
Read the blog post here:
**Chapters**
0:00 Once Upon a Record Store
0:42 B-Side of The Record Store
1:10 Scramble for Value
2:03 Disenfranchised
2:56 Nothing for Money
3:54 The Professionals
5:22 Generation Silenced
**Credits**
Words and Voice by @Tobisonics
Visuals by @Tobisonics
A @Tobisonics Video Essay
Voice Recorded in @steinberg @Cubase
Images generated in @leonardoai
Video generated in @RunwayML
Video Editing in Lightworks and @CapCutofficial
Thumbnail created in @canva
#spotify #musicindustry #tobisonics #videoessay #aivideo