Lucian Grainge also praised similar price hikes by YouTube, Amazon and Apple Music to increase monetization of streaming audio for his artist rosters: 'We must ensure that real artists with real fan bases are fairly compensated.'
“We see more alignment between the labels and the music platforms that we’ve ever seen before. That allows us to make sure the artists are better compensated and everyone is rewarded for the engagement that those artists drive,” he told analysts.
Spotify’s major label partners like UMG will gain from expanding streaming audio revenues as the audio subscription giant pays 70 percent of subscription and advertising fees to rights holders. But Grainge in his comments to analysts reiterated that the current streaming model had to go further to better compensate music artists, who remain “undervalued,” and increase engagement with their fan bases.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
TikTok takes on Spotify, Apple Music as it expands into music streamingTikTok launched its music streaming service in Indonesia and Brazil — its second and third-largest markets — and is testing in Australia, Mexico and Singapore.
Les mer »
Warner Music Group Launches Music Doc Series ‘Time With…’ Featuring OMB Peezy & JxdnEXCLUSIVE: Musicians including OMB Peezy, Jxdn and Meet Me The Altar are among those starring in a new music documentary series. Warner Music Group’s content division WMX is launching Time With…,…
Les mer »
Monitoring group says thousands of Wagner mercenaries have arrived in Belarus since failed uprisingThousands of Russia-linked Wagner group mercenaries have arrived in Belarus since the group’s short-lived rebellion, a military monitoring group said Monday.
Les mer »
Universal Studios slammed after trimming trees giving shade to strikersWhile actors and writers strike in Los Angeles, Universal Studios has been accused of illegally trimming trees that were providing shade to picketers.
Les mer »