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.
It’s not really just Spotify. I’m a hobbyist music producer. I uploaded my entire catalog through Distrokid about two years ago. Distrokid serves just about every streaming service. It costs $20 a year for the most basic package. I’ve got ~8 million listens according to Distrokid, and that nets me about $40 US. So, I made my money back. Not bad for 20 years of work. Haha!
I don’t really care about the numbers, like I said, I’m a hobbyist. I make music because I enjoy making music. It would never be my career unless I dropped everything and struck out touring trying to make it in an industry that traditionally chews up and spits out hopefuls. I’m not exactly the age or attractiveness that most people expect in a touring musician, either.
Idk. I was happy to pay to hear Mic Jagger live and he looks like shit.
Worst case scenario, just become the new Gorillas