{"id":21447,"date":"2023-09-13T20:00:52","date_gmt":"2023-09-13T20:00:52","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/spotify-denies-30-second-trick-could-make-you-rich"},"modified":"2023-09-13T21:15:46","modified_gmt":"2023-09-13T21:15:46","slug":"spotify-denies-30-second-trick-could-make-you-rich","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/spotify-denies-30-second-trick-could-make-you-rich","title":{"rendered":"Spotify denies 30-second trick could make you rich"},"content":{"rendered":"

Africa-Press – Eritrea. <\/strong><\/span>The head of Spotify has denied claims that users can repeatedly listen to their own uploaded 30-second track to rake in monthly royalties.<\/p>\n

Finance analysts at JP Morgan had said that Spotify subscribers could make $1,200 (\u00a3960) a month by listening to their song on repeat, 24 hours a day.<\/p>\n

The claim suggested Spotify’s royalty payment structure could be manipulated.<\/p>\n

But Daniel Ek, the streaming giant’s CEO, says that is not how the platform’s royalties work.<\/p>\n

The theory was first reported in the Financial Times, and then tweeted about by Julian Klymochko, founder of Accelerate, a Canadian-based investment company.<\/p>\n

“If that were true, my own playlist would just be ‘Daniel’s 30-second Jam’ on repeat!” Mr Ek tweeted back in response.<\/p>\n

“But seriously, that’s not quite how our royalty system works.<\/p>\n

Concerns have been raised that artificial streaming – where devices run chosen tracks on loop – is hindering the music industry, with JP Morgan executives estimating as much as 10% of all streams are fake, according to the Financial Times.<\/p>\n

Just last week, Swedish Newspaper Svenska Dagbladet reported that criminal gangs were using Spotify’s royalty system to launder money made through drug deals.<\/p>\n

According to Spotify’s website, it has two tiers of royalties, and artists are paid out once a month – but how much they get can vary.<\/p>\n

“Contrary to what you might have heard, Spotify does not pay artist royalties according to a per-play or per-stream rate,” the website says.<\/p>\n

“The royalty payments that artists receive might vary according to differences in how their music is streamed or the agreements they have with labels or distributors.”<\/p>\n

Universal Music Group and Deezer recently announced they will jointly launch a music streaming model aimed at generating bigger royalties for artists – meaning they will be paid more if users actively choose to listen to their music.<\/p>\n

This could mean Spotify, and other streaming services such as Apple Music, will be forced to adjust their own models.<\/p>\n

For More News And Analysis About Eritrea<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eritrea. The head of Spotify has denied claims that users can repeatedly listen to their own uploaded 30-second track to rake in monthly royalties. Finance analysts at JP Morgan had said that Spotify subscribers could make $1,200 (\u00a3960) a month by listening to their song on repeat, 24 hours a day. 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