When Bloomberg reported that Spotify would be upping the cost of its premium subscription from $9.99 to $10.99, and including 15 hours of audiobooks per month in the U.S., the change sounded like a win for songwriters and publishers. Higher subscription prices typically equate to a bump in U.S. mechanical royalties — but not this time.
By adding audiobooks into Spotify’s premium tier, the streaming service now claims it qualifies to pay a discounted “bundle” rate to songwriters for premium streams, given Spotify now has to pay licensing for both books and music from the same price tag — which will only be a dollar higher than when music was the only premium offering. Additionally, Spotify will reclassify its duo and family subscription plans as bundles as well.
The thread you linked says what I said.
I’ve been doing DIY music since I was a kid. The vast majority of bands are never going to make any money ever. Spotify didn’t change that. Streaming didn’t cause that. The reality of every kid with a guitar thinking music is about making money not having fun is what did that.
I don’t subscribe to this cynical of a viewpoint, it isn’t inevitable that recording music is not valued labor, it is a cultural choice same as any other.
I live in the richest country on earth, it is a subjective choice to devalue the labor of musicians and decouple it from the profits of music companies.