Spotify pledges to fix royalty problems in music industryDecember 25, 2015 - 10:28 AMT PanARMENIAN.Net - Paying artists for streams isn't just Spotify's problem - the whole industry is stuck with a royalty model that's better suited for physical sales than streaming. Spotify is the one that's pledging to fix that, though. In a recent blog post the company dives into the complexity of licensing systems, noting that different publishers own the rights to the same tracks in different countries, Engadget reports. This never used to be a problem -- physical sales were easy to apportion, and the iTunes model was similarly simple. With global streaming services, it can take a while to work out who to pay, and some royalties end up in limbo. Spotify is quick to note that less than one percent of the $3 billion or so it's doled out over the past 6 years hasn't found its way to artists, but anything above zero isn't great. So, how's it going to fix things? Money! "We are excited to announce that Spotify will invest in the resources and technical expertise to build a comprehensive publishing administration system to solve this problem," Spotify said in a blog post. The quote above is about all Spotify has to say on the matter. It's committing to invest in a solution, and says it'll work alongside industry bodies like the National Music Publishers Association to "fix the global problem of bad publishing data once and for all." The exact timing of this announcement is quite clearly a response to the recent spate of bad press the streaming service has gotten, but if it ends up with a better solution for artists, then who cares? Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |