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.
They already fired half the employees who work for Bandcamp, Bandcamp is dead as an entity, just because is still flying through the air based on its own momentum yet and hasn’t coming crashing back to earth doesn’t mean that isn’t what is about to happen.
Bandcamp has always been amazing because it was run not like a massive corporation and those days are over.