Representatives from across the UK music industry – from label managers to working musicians – submitted impassioned evidence that they feel that Spotify’s current rates of payment (between $0.03 - $0.05 per stream) is not fair recompense for their work, and that Spotify’s current operating model creates a toxic ‘winner takes all’ market, where superstars are rewarded with vastly inflated profits while smaller artists struggle to make a living. In the UK, Spotify (and other streaming services) have come under intense scrutiny, resulting in a high-profile inquiry into the economics of streaming in the House of Commons. While some may argue that a price increase is long overdue, it’s a strange time for Spotify to announce the hike.
How has the price increase been received?
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