Spotify has launched a new analytics tool in beta, specifically for music publishers.
The new feature, called Publishing Analytics, was developed “in close collaboration with a range of publishers” according to Spotify.
Spotify Publishing Analytics will give publishers daily streaming statistics for the works and recordings they have identified, including playlist performance, as well as the ability to view data for each of the songwriters on their roster.
Spotify says that the new platform won’t change the way publishing royalties are currently accounted or paid.
Interested publishers can visit publishers.spotify.com to learn how they can get started.
“One of our core missions at Spotify is to enable creators the opportunity to live off their art,” said Jules Parker, Head of Publishing Relations & Services, EMEA and APAC, Spotify.
“The publishing community is integral in supporting the songwriters that create the music we love.
“With more information, publishers are empowered to make the most of the opportunities the global reach of Spotify provides, and the more information we can share with each other, the more opportunities we can help create for songwriters.”
“The publishing community is integral in supporting the songwriters that create the music we love.”
Jules Parker, Spotify
Rich Scott DePerto, Director of Royalties & Copyright Administration, Reservoir added: “Reservoir was happy to jump on board as one of the first music publishers to help shape the new Spotify Publishing Analytics tool.
“Access to daily global analytics for the leading DSP allows us to better track our catalog’s performance and gives us valuable insight that we can use to make more informed business decisions in supporting our songwriters.”
Patrick Joest, EVP Global Content Partnerships & Synch, BMG said: “Armed with this level of streaming data, directly from Spotify, music publishers can gain insights into new opportunities for their songwriters, more efficiently collect royalties on their behalf, and more effectively market their works.
“Spotify has been a collaborative partner in the creation of this new product, and we are looking forward to further collaborating and contributing to its development and easy accessibility of data to the publishing community.”
Music Business Worldwide